Qantas writes massive profit

22 August
Despite the tight operating environment, Qantas group has reported a massive $969 million pre-tax profit for previous financial year.

The result is 44 percent up on the previous result, on global sales of $16 billion.

Pre-tax profit was in excess of $1 billion.

Qantas chairman, Leigh Clifford, said the results were a result of “excellent performance across all segments for the first three quarters”.

“We have benefited from a strong revenue environment, which was supported by major investments in customer service and product. The result was further underpinned by sustained efforts to improve efficiency,” he said.