Tamil Diplomat

Qantas returns to full-year profit and pledges new growth phase

Qantas also placed an order for eight Boeing Dreamliners, and said it would return cash to shareholders.Qantas’ return to profitability was thanks to tough cost-cutting measures and was also helped by low fuel prices.

The company has been aggressively reducing jobs, cutting capacity and overhauling its frequent flyer programme.The carrier said the earnings were its strongest profits since before the global financial crisis of 2008.