Qantas Airways, Australia’s national flag carrier, has shared its highest recorded profits for six months to December of US$761.48 million, stated reports.
The largest airline of Australia had a 6 percent surge of $8.66 million in its overall revenue and other income over the same period. The airline stated that it also had a share buy-back worth $378 million.
The airline, which three years ago recorded losses, has made a massive turnaround, touted to be the biggest in Australia’s corporate history.
Qantas Airways, which commands nearly two-thirds of the country’s domestic market, showed a 14.6 percent leap in its underlying profit compared to the profit in 2016 in the same period. The airline stated that it closed its Sydney-listed shares up by nearly 6 percent.
Chief Executive of Qantas Airways Alan Joyce said: “Today’s result comes from investing in areas that provide margin growth and a network strategy that makes sure we have the right aircraft on the right route.”