Qantas profitable again after international arm rises

AUSTRALIA'S largest airline has returned to profit helped by strength in its domestic business and the turnaround of its international arm, but warns conditions remain challenging and volatile.

Qantas posted a net profit after tax of $5 million for the 2012/13 financial year after a loss of $245 million the year before.

Underlying profit before tax, which excludes one-off items, rose by 102 per cent to $192 million.

The airline says the result was helped by a steady improvement in its international business and the growth of its discount airline Jetstar in Asia.

Qantas launched its international alliance with the Dubai-based airline Emirates late in the financial year, and chief executive Alan Joyce says the "full benefits" of the deal will start to flow from 2014-15.

Read more at ABC news online.

Topics:  airlines economy qantas

MISSING: Police appeal for help to locate three teens

Police are searching for information to find three missing children who are believed to be travelling on the North Coast.

Concerns held for welfare of missing children

TURNING RIGHT IS NOT RIGHT: Poll results are in

The offending no turn sign on the Through St/Bent St roundabout blocks the view of traffic enterring to the right causing havoc for drivers.

Police get popular support for traffic campagin

Investor interest in $1.175m Iluka property

HIGH END: The two near new flats, a part of the property for sale at 80 Charles St, Iluka.

80 Charles St boasts potential for growth

Local Partners