Qantas’ results for fiscal year 2016 are out, and the airline’s cargo business still turned a profit – albeit less than the year before – despite what CEO Alan Joyce called, “a tough cargo market.” Qantas Freight reported underlying EBIT (earnings before interest and taxes) of US$48.75 million, down 44 percent on last year. That said, cargo lagged behind other divisions, most of which posted “record profits” according to the carrier’s annual report.
Overall, Qantas recorded record net profit…
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Source: aircargoworld