Thursday, February 26, 2015

Qantas back in the black after $2.8 billion full year loss - but Alan Joyce warns of more pain to come

Qantas has returned to profit after a painful transformation program that will ultimately cut five thousand jobs and strip two billion dollars in costs from the airline.

The half year after tax profit turnaround of $203 million follows a $2.8 billion annual loss announced last August.

Despite the good news, Qantas boss Alan Joyce says the pain isn't over yet and once again he's rejected suggestions that it's time for him to quit.