Qantas Airways Limited
(ASX:QAN) has posted a full year net profit of $6 million, a significant swing from the $244 million loss booked last year.
The airline did not offer profit guidance for the current financial year blaming a high degree of volatility and uncertainty plaguing the economy, global aviation markets and fuel prices.
Underlying profit jumped to $192 million in the period and revenue increased by one per cent to $15.9 billion.
CEO Alan Joyce says the airline saw its domestic market grow at the fastest pace in the past 8 years during the 12 months to June 30, but described the overall market as very tough.
The airline has not declared a final dividend.
