International Flight Boost Qantas Profit

Qantas Airways Ltd successfully flew achieving profit in the first half of its fiscal year. The company cut its losses on long-distance routes, plus save money that would not be used to purchase Boeing 787.

Australia's largest airline posted a net profit of A $ 111 million (U.S. $ 114 million) during June-December 2012, growing more than two times higher than the previous year, A $ 42 million.

Qantas is headquartered in Sidney got the refund money A $ 125 million, after canceling a planned purchase of 35 units of the Boeing 787 Dreamliner.

The company also managed to reduce the loss of international units by 65%, to A $ 91 million. How to dissolve unprofitable routes and retire older aircraft.

In addition, Qantas airlines competing with Asia and the Middle East in the business of long-haul flights (long haul), began to enjoy the fruits of cooperation with Emirates from Dubai. "It will be a deadly combination," said Alan Joyce, Chief Executive Officer (CEO) Qantas.

Qantas does not count either. Cooperation that began last April has eroded international flight division losses.

Qantas swap lines called Kangaroo Route between Australia-Europe with those of the Emirates, via Singapore and Hong Kong. Joyce says, this route has increased five-fold demand in second week sales.

While rejoicing with improved management of international business, the domestic unit profit fell 34% to A $ 218 million. Jetstar, a subsidiary of Qantas flights that provide income decreased 13%. Qantas flew 24.7 million passengers in the six-month period, grew 4.3% from a year earlier.

Group revenue amounted to A $ 8.2 billion, grew compared to the previous, A $ 8.05 billion. Joyce previously pledged to maintain market share of 65% on domestic flights.

The company competes with Virgin Australia Holdings and expansion of Tiger Airways Holdings Ltd., plans to buy five Boeing 737-800 and hired two planes to strengthen its domestic flights.