Qantas (ASX:QAN) report underlying profit before tax at $1.30 billion for the year that's down 17 per cent on the prior corresponding period.
Statutory profit before tax is down 6 per cent on last year to $1.27 billion.
They saw record revenue of $17.9 billion for the 12 months to June 30 but its underlying profit was hit by a $614 million increase in fuel costs from higher oil prices and a further $154 million impact from foreign exchange impacts.
Nonetheless, Qantas raised its final dividend by 3 cents to 13 cents per share, plus an off-market buyback of up to 79.7 million shares.
Shares in Qantas (ASX:QAN) closed 0.52 per cent higher at $5.78 yesterday.