Qantas profitable again after international arm rises

AUSTRALIA'S largest airline has returned to profit helped by strength in its domestic business and the turnaround of its international arm, but warns conditions remain challenging and volatile.

Qantas posted a net profit after tax of $5 million for the 2012/13 financial year after a loss of $245 million the year before.

Underlying profit before tax, which excludes one-off items, rose by 102 per cent to $192 million.

The airline says the result was helped by a steady improvement in its international business and the growth of its discount airline Jetstar in Asia.

Qantas launched its international alliance with the Dubai-based airline Emirates late in the financial year, and chief executive Alan Joyce says the "full benefits" of the deal will start to flow from 2014-15.

Read more at ABC news online.



Ten bucks up for grabs with new wild pig bounty

premium_icon Ten bucks up for grabs with new wild pig bounty

A south east Queensland council is making a bold move, offering a wild pig bounty...

Compo set to flow to 2011 flood victims

premium_icon Compo set to flow to 2011 flood victims

State government fails to appeal court decision

LAST DAYS: $5 a month for the stories that matter

premium_icon LAST DAYS: $5 a month for the stories that matter

Great deal to give you access to our best journalism and rewards