Do you hold Flight Centre Travel Group Ltd (ASX: FLT), Qantas Airways Ltd (ASX: QAN), or Air New Zealand Ltd (ASX: AIZ) shares?
Let's take a look at how these three ASX travel shares performed in FY25.
Image source: Getty Images
Which ASX travel share provided the best returns in FY25?
In terms of share price growth, Qantas shares win
Let's start our assessment by reviewing share price growth for each of these ASX travel shares.
The Flight Centre share price fell 38% from its closing value of $20.18 on the last trading day of FY24 to $12.48 on 30 June 2025.
The Qantas share price leapt 84% from $5.85 per share on 28 June 2024 to $10.74 per share on 30 June 2025.
The Air New Zealand share price increased by 15% from 48 cents per share on 28 June 2024 to close out FY25 at 55 cents.
As my Fool colleague Bernd explains, Qantas benefited from strong domestic travel demand and increasing overseas travel in FY25.
Passengers were willing to pay historically high airfares to head overseas during the year.
Qantas also benefited from lower fuel costs amid global crude oil prices waning.
On dividends, Flight Centre shares win
What about income in FY25?
Over the FY25 period, Flight Centre paid an interim dividend of 30 cents per share in October 2024.
The travel agency then paid a final dividend of 11 cents per share in April 2025.
So, investors in this ASX travel share received 41 cents per share in annual dividends, plus full franking credits.
Qantas shares paid their first dividend since 2019 this year. The airline ceased dividend payments in 2020 due to the COVID pandemic.
Qantas paid an interim dividend of 16.5 cents per share plus a special dividend of 9.9 cents per share in April.
This totalled 26.4 cents in annual dividends with 100% franking for FY25.
Air New Zealand shares paid a final dividend of 1.374 AU cents per share in September 2024.
The airline stock then paid an interim dividend of 1.134 AU cents per share in March 2025.
That's a total of 2.51 cents per share in dividends with no franking credits.
So, in dollar value terms, Flight Centre shares win.
Of course, comparing trailing dividend yields is a much more relevant way to assess which ASX travel share delivered the best income.
Using the closing 30 June share prices to calculate the annual trailing dividend yields, Flight Centre shares still win.
Flight Centre shares have a 3.29% trailing dividend.
Qantas shares have a 2.46% trailing dividend.
Air New Zealand shares have a 0.05% trailing dividend.
