The Qantas Group has announced that it has completed the $500 million on market share buy-back announced at its half-year results in February 2016.

Since 9 March 2016, Qantas has purchased 143,599,336 shares for a weighted average price of $3.4819.

Combined with the $505 million capital return and associated share consolidation completed on 6 November 2015, the number of ordinary shares on issue for Qantas Airways Limited has decreased by 12.6 per cent since 30 June 2015. Upon cancellation of all shares purchased under the buy-back there will be 1,918,801,014 ordinary shares on issue.

In line with its financial framework, the Qantas Group has returned over $1 billion in surplus capital to shareholders in the last 12 months. A decision on future capital management initiatives will be made by the Board and announced with the Group’s full year results on 24 August 2016.