Qantas is expected to unveil a profit turnaround of more than $1.5 billion today thanks to its massive cost savings program.
Analysts expect the airline to report an underlying pre-tax profit of around $960 million for the 2014/15 financial year, a huge improvement from the previous year’s $646 million loss.
The improvement is due in part to efforts by chief executive Alan Joyce to strip $2 billion from the airline’s costs, but also lower fuel prices and the end of its battle for market share with Virgin Australia.
source:skynews.com.au
STUDIO 3 NEWCASTLE AUSTRALIA 