Qantas Posts Rise In H1 Profit

Qantas Airways

reported a strong rise in its first-half profit. Qantas' net profit for the six months surged to 111 million Australian dollars (US$113.9 million), versus A$42 million, in the year-ago period. Its underlying pre-tax profit climbed 10% to A$223 million. The company had earlier expected underlying pre-tax profit of A$180 million to A$230 million.