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Qantas profit soars to record A$1.42b
Published Wed, Aug 24, 2016 · 09:50 PM
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Sydney
AUSTRALIAN carrier Qantas on Wednesday posted record annual profits and announced its first payout to shareholders in seven years, staging a turnaround after axing jobs and selling aircraft in an aggressive restructuring.
Qantas' results were also boosted by the sharp fall in global oil prices and a less competitive domestic market that has given the firm a stable base of earnings.
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