Qantas profit expected to rise

The Flying Kangaroo is tipped to post a net profit of A$138 million ($168 million) for the six months to December 31. Photo / Supplied
The Flying Kangaroo is tipped to post a net profit of A$138 million ($168 million) for the six months to December 31. Photo / Supplied

Qantas Airways is expected to report an improved net profit as the turnaround of its struggling international operations gathers pace.

The Flying Kangaroo is tipped to post a net profit of A$138 million ($168 million) for the six months to December 31, 2012, according to a median of five analysts' forecasts gathered by AAP.

If the result, due on Thursday, prints in line with expectations it will be well up from the A$42 million net profit achieved in the first half of 2011/12.

The airline has restructured its international operations by cutting loss-making routes, accelerating the retirement of its Boeing 747-400s and forged new alliances with carriers such as Dubai-based Emirates.

The airline has also reduced staff and consolidated its heavy maintenance facilities in a bid to lower costs.

-AAP

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