Qantas records $409 million profit after $2.6 billion loss
SYDNEY (AP) — Qantas Airways Ltd. posted a 557 million Australian dollar ($409 million) full-year profit on Thursday in a dramatic turnaround since it recorded a $2.6 billion loss in the previous year.
Australia's largest airline said in a statement that the profit for the fiscal year through June reflected strong performances from all business segments, including its troubled international arm which turned a AU$408 million loss in 2014 into a AU$267 million profit.