Qantas reported a statutory net profit for the fiscal first half ended Dec. 31, 2010 of A$239 million ($241.7 million), dramatically improved over earnings of A$60 million in the year-ago period. The carrier said it had an underlying profit before tax of $417 million for the half-year, 56% up on the year-ago period. Revenue rose 10% to A$7.59 billion while expenses climbed 8% to A$7.23 billion. EBIT for the period totaled A$364 million, more than double the A$143 million EBIT in the ...

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