Qantas swings to FY profit

Airline's underlying profit jumps, declines to provide guidance for current year, pointing to 'challenging and volatile' climate.

Qantas (QAN) says the "high degree" of volatility and uncertainty in the domestic and international aviation markets, global economy and on the price of fuel is preventing it from providing full-year profit guidance, after underlying profit before tax beat analyst forecasts.

Qantas reported a full-year pre-tax profit, before significant items, of $192 million, way above market expectations for $76 million.

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