Aggressive fuel hedging, a more favorable exchange rate, a booming domestic economy and tight fiscal management enabled Qantas to defy nearly every trend affecting the global airline industry and post a massive 44.1% increase in net profit to $A970 million ($845.1 million) for the fiscal year ended June 30, QF's new chairman, Leigh Clifford, attributed the result to "a strong revenue environment, which was supported by major investments in customer service and product. . .and sustained ...

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