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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

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


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