Qantas has taken various steps to restructure its loss making international operations
Qantas has swung back to profit as its alliance with Emirates helped narrow losses at its international operations.
It made a net profit of A$6m ($5.4m; £3.5m) in the year ending 30 June, reversing a loss of A$244m a year ago.
Qantas' earnings were also lifted by the A$125m settlement it received from Boeing after it cancelled 787 orders.
The airline said that losses at its international division, which has been a key area of concern in recent years, halved from a year earlier.
Alan Joyce, chief executive of the airline, 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.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23862126#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
