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Profits up at Quantas

Thursday 21 February 2013 6:00

Airline Qantas has seen its profits soar after it received compensation from Boeing following its cancellation of 787 orders.

The group made a net profit of A$111m (US$114m; £75m) in the six months to the end of December, up from A$42m a year earlier.

The figure includes A$125m compensation that Qantas received from Boeing.

The carrier said that losses at its international division, which has been a key area of concern, narrowed to A$91m from A$262m a year earlier.