Qantas A380. Photo: By Rob Finlayson. Qantas reported a A$116 million ($104.4 million) net profit for its fiscal year ended June 30, down 5.7% in the prior year, crediting improving international yields, a robust frequent flyer program and its two brand–Qantas and Jetstar–strategy. While the net profit was down, the underlying profit before tax leaped 277% to A$377 million owing mainly to the airline’s frequent flyer program and low-cost subsidiary Jetstar (ATW Daily ...

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