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Qantas doubles annual profit to $263 million, warns of challenging and volatile environment
SYDNEY (AP) ' Qantas Airways Ltd. has announced it has more than doubled annual net profit to 250 million Australian dollars ($263 million) and warns that the general operating environment is challenging and extremely volatile.
The Australian flagship carrier's result for the 12 months through June announced on Thursday compares with AU$112 million in the previous year.
The result was below the market consensus of AU$322 million, according to a median of four analysts' estimates published by Australian Associated Press.
Qantas chief executive Alan Joyce said in a statement: "This result reflects the strength of the Qantas Group's portfolio and is our best performance since the global financial crisis."