Qantas' statutory profit rises 164%

QANTAS has posted a return to profit growth, after half yearly results reveal the airline's underlying profit, before tax, rose 10% to $223 million.

The company's statutory profit, after tax, also rose 164% to $111 million, for the six months ended December 2012.

While Qantas International was not profitable in the past six months, every other company portfolio had positive profit growth.

Qantas chief executive Alan Joyce said the first half of the year saw the underlying profit rise 10%, a global aviation agreement reached with Emirates and the launch of Jetstar Japan.

"The operating environment remains complex and volatile, but we are now beginning to realise the benefits of the tough decisions that we have made over the past 18 months," he said.


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