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16 August 07

Flying kangaroo profits jump

Australia's national airline Qantas, dubbed  'The Flying Kangaroo' by many, has reported its highest annual profits since they started operating.

The airline who over the last year has been involved in a failed takeover attempt announced yearly profits of 1 billion Australian dollars (£401 million), which is a 54% rise.

Their total revenue was AUD $15.2 billion which was also an 11% rise on the previous year.

Qantas also said that they expected profits to rise another 30% further this year mainly due to their low-cost carrier 'Jetstar'' who offer budget Australian internal flights but also offer international flights to Singapore, New Zealand, Japan, Hawaii & more.

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