Australian flag carrier Qantas said on on Thursday it had bounced back into the black as aggressive cost-cutting and its alliance with Emirates helped slash losses at its troubled international arm.
Qantas aircraft are seen on the tarmac at Sydney's International Airport, on August 28, 2013. Australian flag carrier has bounced back into the black, the airline announced on August 29, with a modest annual net profit boosted by cost-cutting and its alliance with Emirates.
The airline posted a profit of Aus$5 million (US$4.5 million) in the 12 months to June 30, a major improvement on the historic Aus$245 million loss the previous year, when soaring fuel costs and industrial action hammered the bottom line.
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