Qantas Airways (QAN) AGM 2025 summary

Opening remarks and agenda

• Board Chair welcomed shareholders, introduced directors, and confirmed a quorum for the 2025 AGM in Brisbane, outlining the meeting structure and key participants.

• New directors Dion Weisler and Kate Tully were introduced, and the presence of KPMG auditors was noted for audit-related questions.

Financial performance review

• Achieved $2.39 billion underlying profit before tax, driven by dual-brand strategy and loyalty business growth.

• Resumed dividends, with a total of $800 million fully franked paid for the year.

• Strong demand across all segments, with Jetstar carrying 25% more international customers and Qantas maintaining top domestic punctuality.

• Ongoing investment in fleet renewal, with 17 new aircraft delivered and over 200 on order for the next decade.

Board and executive committee updates

• Significant board renewal: six of eight non-executive directors will be new since 2023, bringing diverse experience.

• Alison Watkins announced as incoming non-executive director, joining in early March.

• Board and management performance reviews are conducted annually, including external assessments.