The Straits Times
Published on Feb 21, 2013

Qantas reports sharp rise in first-half profits


SYDNEY (AFP) - Australian flag carrier Qantas on Thursday reported that first-half net profit more than doubled to Aus$111 million (S$141 million), also announcing an upgrade to its fleet.

The result in the six months to December 31 was up 164 percent on the same period in the previous year and in line with guidance, "despite challenging conditions in international and domestic air travel markets."

Underlying profit before tax - the airline's preferred measure of financial performance - was Aus$223 million, up 10 percent.

Qantas also announced an order for five new Boeing 737-800s and the upgrade of 20 Airbus A330-200s and 10 A330-300s.