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Qantas posts record H1 profit, announces buyback

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Mr Joyce only last year returned Qantas to profitability as he cut costs, jobs and discounts.

Sydney

AUSTRALIA'S Qantas Airways Ltd on Tuesday posted a record first-half profit as the lower oil price shrank its biggest single overhead, and wooed investors with a second straight A$500 million (S$509.6 million) share buy-back.

The profit builds on a turnaround under chief...

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