Aug 16, 2017 Last Updated 2:16 PM, Aug 16, 2017

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Qantas to share out $975m profit

AusBN – Qantas made $975 million underlying profit in financial year 2014-15 and plans to share the spoils with its shareholders and staff.

It marks an amazing turnaround since last year, when the airline posted its worst-ever loss of $2.8 billion.

Every segment of the group did well this year, with Qantas Domestic making a profit of $480 million, Qantas International $267 million and budget brand Jetstar $230 million.

From November, shareholders will receive their first dividends in seven years, equivalent to 23 cents per share.

Qantas will reward its employees who have endured an 18-month pay freeze with $90 million worth of bonuses.

The airline has also ordered eight new 787-9 Dreamliner aircrafts to replace five older Boeing 747s.

@AusBNonline

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