Qantas' statutory profit rises 164%

QANTAS has posted a return to profit growth, after half yearly results reveal the airline's underlying profit, before tax, rose 10% to $223 million.

The company's statutory profit, after tax, also rose 164% to $111 million, for the six months ended December 2012.

While Qantas International was not profitable in the past six months, every other company portfolio had positive profit growth.

Qantas chief executive Alan Joyce said the first half of the year saw the underlying profit rise 10%, a global aviation agreement reached with Emirates and the launch of Jetstar Japan.

"The operating environment remains complex and volatile, but we are now beginning to realise the benefits of the tough decisions that we have made over the past 18 months," he said.



JACKPOT: Where punters have won big around Warwick

premium_icon JACKPOT: Where punters have won big around Warwick

$100m up for grabs this week and our region has been lucky of late

Ice Age hits the region with sub-zero mornings

Ice Age hits the region with sub-zero mornings

Rug up! More frosty mornings are forecast to hit the Southern Downs

BEAT THE BIG DRY: Warwick to host pop-up event for farmers

premium_icon BEAT THE BIG DRY: Warwick to host pop-up event for farmers

Listen to live music and raise funds for a great cause

Local Partners