Qantas back in the black on cost-cutting
Australia airline posts A$557m annual profit, places order for eight Boeing Dreamliners
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
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources