2 SEPTEMBER 2013
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Australian carrier Qantas looks like it is putting its recent financial woes behind it, swinging back into profit. Key to this success is the partnership with Emirates which has helped narrow losses at its international operations.
It made a net profit of A$6m in the year ending 30 June, reversing a loss of A$244m a year ago.
Chief Executive Alan Joyce said the alliance with Emirates, which was announced in September last year, had helped it boost bookings to key markets.
"The Qantas-Emirates partnership gives the group a strengthened position on routes to Europe, the Middle East and North Africa, via the global hub of Dubai", he said in a statement.
"Bookings have been very positive, running at about twice the level of Qantas' previous code-share arrangements for flights to Europe".
Mr Joyce added that the airline is on track to achieve its target of making international operations profitable in the 2015 financial year. www.emirates.com www.qantas.com
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