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Qantas back in the black on cost-cutting

Australia airline posts A$557m annual profit, places order for eight Boeing Dreamliners

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Mr Joyce hails it as "one of the biggest turnarounds in Australian corporate history".

Sydney

AUSTRALIAN carrier Qantas on Thursday roared back into the black in a stunning turnaround of fortunes driven by aggressive cost-cutting, while placing an order for eight Boeing Dreamliners.

The airline posted a A$557 million (S$571.6 million) annual net profit for the year

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