Qantas records strong profits, flags ultra-long haul flights

Sydney: Australia’s Qantas unveiled plans for the world’s longest non-stop commercial flight on Friday, calling it the “last frontier of global aviation”, as it posted healthy annual net profits on the back of a strong domestic market. The firm, which hopes to fly non-stop from Australia to London and New York by 2022, announced a 17.2 per cent slip in annual net profit to Aus$852 million ($673 million) after record results last year.
The airline’s underlying profit before tax — its preferred measure — was the second-highest in its history at Aus$1.4 billion for the year to June 30, matching forecasts. The results came after the completion of an aggressive three-year restructuring process that saw it slash jobs and reduce its fleet. “Three years ago, we started an ambitious turnaround programme to make the Qantas Group strong and profitable,” Chief Executive Alan Joyce said. — AFP