Qantas profits soar nearly 15% despite rising fuel costs

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Australia's national airline has posted a 15% jump in annual net profit with healthy returns across its business, despite a rise in the price of fuel. Net profit rose to $A980m ($719m;[/img]

Qantas chief executive Alan Joyce said this year's numbers "show a company that's delivering across the board".The biggest contributor to the rise in profits was strong demand for domestic travel, but international travel also saw a 7% increase.
First non-stop flight arrives in London from Perth
Mr Joyce said healthy demand across key sectors matched with improving levels of capacity was a positive sign for the year ahead. The upbeat outlook comes despite expectations that fuel costs will rise further in 2019."We're confident that we will substantially recover this through a range of capacity, revenue and cost efficiency measures," Mr Joyce said.A strong result was largely expected after Qantas reported a bumper 17.9% jump in interim net profit in February.
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