Qantas’ annual profit rises 15%

AUSTRALIAN carrier Qantas Airways reported a 15 per cent rise in full-year underlying profit on Thursday, driven by robust travel demand across its budget and full-service operations.

The airline’s underlying profit before tax came in at A$2.39 billion (S$2 billion) for the year ended June 30, beating the Visible Alpha consensus estimate of A$2.38 billion and above the prior year’s A$2.08 billion. REUTERS