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Qantas back in the black with A$203m H1 net

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Mr Joyce was upbeat about the second half of the financial year, pointing to lower fuel prices, steady demand in the international market and easing capacity growth from competitors.

Singapore

AUSTRALIAN flag carrier Qantas swung back into the black with a net profit of A$203 million (S$216.2 million) for the six months ended Dec 31, 2014, versus a loss of AS$235 million, as aggressive cost-cutting measures in its turnaround plan paid off.

"The decisive factor

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