Australian Airline Qantas has just announced that it has returned to profit for the first quarter of financial year 2015.
The CEO says that the company is on track with its plans to return to consistent profitability, and that results can be seen in increasing passenger numbers, operating efficiencies and cost reductions.
The company is in the process of rationalising its aircraft fleet so that in future it has just one type of narrow body and one type of wide body jet in operation resulting in lower maintenance and related costs.
Qantas also identifies its Asian market as being one of the largest and one in which they intend to be strong.
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