Qantas back in the black as transformation programme over-delivers

Wed, 25 Feb 2015

By Fiona Rotherham Feb. 26 (BusinessDesk) - The Qantas Group, owner of Australia’s largest airline, is back in the black after posting a half-year net profit of A$203 million thanks to its three-year, A$2 billion transformation programme sheeting home benefits, lower fuel prices, and better returns from its domestic business. The Australian airline’s result for the six months ending Dec.31 is in line with the fortunes of its closest rival airlines, with both Air New Zealand and Virgin Australia posting positive half-year results this mont...

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