Aug 24, 2011

Qantas in profit, Elvis, UFOs and no moon landings notwithstanding

This was possibly the first corporate results press conference in Australia in which a CEO invoked Elvis Presley and UFOs at Roswell.

Ben Sandilands ā€” Editor of Plane Talking

Ben Sandilands

Editor of Plane Talking

Qantas this morning shot down rumours of a takeover bid that it may well have inadvertently started, while posting strong full-year profits that undermined its recent warnings about how a fading Qantas international business was putting the future of the group in peril.

The headline figures are that Qantas made an underlying profit before tax of $552 million in the year to June 30 compared to $377 on the same basis in previous financial year.

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