Qantas has achieved its second-highest profit in its 97-year history following a successful three-year turnaround.
"Today’s announcements show this plan has well and truly paid off," said chief executive Alan Joyce.
"It’s delivered AU$3.5 billion in cumulative underlying profit, record customer satisfaction and the opportunity for Qantas to grow."
Underlying profit before tax for the 2017 financial year was $1.4 billion, down 8.6% from 2016 when profit reached a record $1.53 billion.
The result, just above a guidance given in May, was attributed to its strong domestic arm.
Meanwhile, Qantas said its international business was operating in a ‘very competitive’ environment, with ‘competitor capacity growth and sharper pricing activity’.
Qantas said it would pay bonuses of $2500 to around 25,000 non-executive staff, including pilots, cabin crewground crew and office staff. Part-time staff will get $2000.
The airline’s operating profit margin is 9.9% compared with the airline industry average of 4.4%, it said.
