Qantas To Add More 737s To Domestic Mainline Fleet
By Adrian Schofield email@example.com
Source: AWIN First
Qantas announced a net profit of A$111 million for the six months through Dec. 31, up from A$42 million in the same period in the previous year. All of the business segments were profitable, except for the mainline international operation.
However, while Jetstar and Qantas domestic saw profits decline, the international unit saw its loss decrease significantly. The international operation’s earnings before interest and taxes (EBIT) loss for the six-month period was A$91 million, compared to a loss of A$262 million in the prior year. Joyce says the international unit is on track to meet its target of achieving profitability by fiscal year 2015.