Qantas reports growing profits

Qantas has unveiled a substantial increase in profits for the first half of the year.

By Southall Travel -Friday, February 18, 2011 09:09 AM

Qantas has unveiled a substantial increase in profits for the first half of the year.

The carrier which offers flights to Australia from around the world, reported a underlying profit before tax of AU$ 417 million - 56 per cent increase compared to the same period last year.

Alan Joyce, the airline's chief executive, explained that Qantas is one of the world's only airlines to report a profit during the current financial downtown.

He added: "The Qantas Group has delivered a strong result and is, again, one of the few airlines to remain consistently profitable and continue to hold an investment grade credit rating.

"All parts of the Group performed well, with Jetstar and Qantas Frequent Flyer delivering record half-year profits and Qantas Airlines' performance significantly improving."

Qantas has also confirmed the expansion of its fleet in order to meet its growing domestic and international needs, with the lease of five additional B737-800s.

Written by Ruth Norris.
ADNFCR-1809-ID-800413559-ADNFCR

Create Your Own Travel Plan

Depart From

Destination

Airport [A-Z]

Trip Type
- Return
- One Way

Depart Date

Return Date

Direct Flights Only
Flexible Date (+/- 3 days)

Cabin

Adults
Children
Infant

[Age 12+]
[2–11]
[0–2]

Airline

World Travel News Archives

Southall Travel on Facebook - Become a Fan!

Our Team of Experts is eager to assist you with your holiday planning and bookings.
Call us for best fares on flights from UK.
All prices inclusive of pre payable taxes and charges.
Subject to Availability.