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| Qantas airline soars to record profit after restructuring | Qantas airline soars to record profit after restructuring |
| (about 4 hours later) | |
| Australia's national carrier Qantas has posted record annual profits of A$1.42bn ($1.1bn, £820m), nearly doubling last year's result. | |
| The airline will also pay a final dividend to shareholders for the first time since 2009. | The airline will also pay a final dividend to shareholders for the first time since 2009. |
| Qantas has been though major restructuring after posting record losses in 2014. | Qantas has been though major restructuring after posting record losses in 2014. |
| To achieve the turnaround, the carrier has cut capacity, reduced staff and benefited from a slump in oil prices. | To achieve the turnaround, the carrier has cut capacity, reduced staff and benefited from a slump in oil prices. |
| "Transformation has made us a more agile business, created value for our shareholders and given us a platform to invest for the future," Qantas chief executive Alan Joyce said in a statement. | "Transformation has made us a more agile business, created value for our shareholders and given us a platform to invest for the future," Qantas chief executive Alan Joyce said in a statement. |
| The record results come despite much of aviation business seeing a downturn in business in the wake of a global economic slowdown. | The record results come despite much of aviation business seeing a downturn in business in the wake of a global economic slowdown. |
| Staff bonus | Staff bonus |
| The profit before tax of A$1.42bn for the year ending 30 June was nearly double the previous year's A$789m, but still came short of analysts' forecasts. | The profit before tax of A$1.42bn for the year ending 30 June was nearly double the previous year's A$789m, but still came short of analysts' forecasts. |
| Qantas shares rose by more than 4% on the news. | Qantas shares rose by more than 4% on the news. |
| The airline said each of its main operating divisions - its domestic, international and budget carrier subsidiaries - saw record underlying earnings for the past year. | The airline said each of its main operating divisions - its domestic, international and budget carrier subsidiaries - saw record underlying earnings for the past year. |
| Qantas announced a dividend of 7 cents per share. | Qantas announced a dividend of 7 cents per share. |
| The company also said it will give staff a A$3,000 "record result bonus". | The company also said it will give staff a A$3,000 "record result bonus". |