The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Qantas back in the black on cost-cutting

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

Published Thu, Aug 20, 2015 · 09:50 PM
Share this article.

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 to June 30, a sharp recovery in the space of 12 months from a A$2.84 billion net loss in the previous corresponding period.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here