Qantas airline sets to record profit read more at here www.spinonews.com/index.php/item/687-qantas-airline-sets-to-record-profit

Qantas reported a net annual profit of a A$1.42 billion (US$1.08 billion) in the year to June 30, an 80 percent increase from the previous corresponding period.

Qantas has been though major restructuring after posting record losses in 2014.

The company resumed paying dividends of seven cents per share, the first payout since 2009 and announced a share buy-back of up to a A$366 million.

 Qantas also said it would give a A$3,000 one-off bonus to some 25,000 staff who had signed up to a pay freeze.

 Qantas was set to roll out Wi-Fi access for passengers on its regional and international fleets, and would start selling tickets for its Dream liner flights before the end of this year, with routes for the incoming Boeing jet starting in 2017.

The airline said each of its main operating divisions its domestic, international and budget carrier subsidiaries saw record underlying earnings for the past year.

Qantas announced a dividend of 7 cents per share.

 

The results were also boosted by the sharp fall in global oil prices and a less competitive domestic market that has given the firm a stable base of earnings.