Friday, 28 February 2014

Qantas backs Emirates partnership despite international losses | GulfNews.com

Qantas backs Emirates partnership despite international losses | GulfNews.com:



"Qantas believes the revenue-sharing agreement it signed with Emirates last year is playing a key role in strengthening its position on the European route despite international losses almost tripling.



The Qantas Group released its half-year results on Thursday, announcing a before tax loss of 252 million Australian dollars. Its international division reported an EBIT (earnings before interest and tax) loss of A$262 million, compared to A$91 million in the first half of 2013.



Qantas chief executive, Alan Joyce, stated that the results are “unacceptable and unsustainable.”



The Australian financial year runs from July 1 to June 30."



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