Markets: Qantas faces a slippery outlook as oil spikes

Qantas has returned to the black but the year ahead threatens higher fuel costs and ramped up competition from its international peers.

On the day oil hit a two-year high, Qantas results returned to net profit, albeit a modest one of $6 million. That’s better than the $244 million loss in 2012, Qantas chief executive Alan Joyce will argue. He is right. But it will take more to fully reassure investors.

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