Qantas Profit Jumps 23 Percent; New Fare Competition Ahead

Qantas reported a record pretax profit of A$762.8 million (US$452 million) for the year ended June 30, an increase of 15.1% from last year due to increased traffic and yields. Net profit was up 23% to A$517.9 million ($307 million) and included an A$82 million ($49 million) gain from two abnormal...

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