Qantas shakes off an airline dogfight

Dramatic cost restructuring in its international arm carried Qantas relatively unscathed through a brutal second half. Provided Virgin doesn’t reignite its capacity war, it should be smoother sailing ahead.

Qantas has survived a second-half dogfight with Virgin Australia to scrape into the black for the year to June. It did, however, take some hits in a capacity war that is now abating.

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