(MENAFN) Australian airline Qantas slipped into the black after aggressive shake-up to stem mounting losses, posting its best short-term result in four years on a revival in its international arm, AFP reported.
The carrier logged a USD162 million profits in the six-month period to December 31, marking a sharp turnaround from a net loss of USD185 million registered in the same period of 2013.
Meanwhile, underlying profit before tax stood at USD289 million, compared to a loss of USD198.4 million registered previously, which was boosted by record fuel costs and fierce competition.
Domestic earnings surged to USD178.7 million from USD133.8 million recorded previously, while the struggling international arm turned a USD252 million loss to a USD41.7 million profit.
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