iscover
Australia’s second largest airline group achieved an underlying net profit after tax of $331 million in the 2025 financial year, up 27.8 per cent on 2024, and a statutory net profit after tax of $479 million, down 12.3 per cent. The airline brought in $5.8 billion in revenue, up 8.5 per cent on 2024.
In what will be Greg Foran’s last full year as CEO, the Kiwi flag carrier posted a net profit after taxation of NZ$126 million (around AU$113 million), down on the previous year, off the back of NZ$189 million in pre-tax earnings.
The regional carrier will fly three times a week between the nation’s capital and Avalon, which serves Melbourne as a secondary airport as well as Geelong and the Bellarine Peninsula. Flights will operate on Thursdays, Fridays and Sundays using British Aerospace Jetstream 32 aircraft.
Announced as part of the airline's annual results on Thursday, the order will include 16 aircraft with lie-flat business-seats and seat-back entertainment systems, and comes as the Flying Kangaroo plans to begin operations with its first two A321XLRs in mid-September.
The Flying Kangaroo saw a pre-tax profit of $2.39 billion, up 15 per cent on the previous year, translating to $1.61 billion after tax, up 28 per cent.
Renaissance, which has reportedly been rebuffed several times by administrator EY Australia and its sales agent Houlihan Lokey, says it submitted a binding offer to the government on 30 July that will fully repay all taxpayer investments and keep the airline flying.
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
