THE DISTILLERY: Dancing kangaroo

Jotters say the Emirates deal is a watershed moment for Qantas International, with one predicting it will be back in the black sooner than expected.

The consumer watchdog didn’t buy Qantas’s argument that its international business was doomed without Emirates – but it waived the alliance through anyway. The global aviation market mightn’t be a death trap, but it can be a minefield. Australia’s business commentators are in broad agreement that this is a crucial deal for Qantas and one to be celebrated by chief executive Alan Joyce.

Fairfax’s Malcolm Maiden writes that Qantas’s international business has already shown massive improvements, booking a $91 million loss in the December 2012 half compared to $262 million the previous year.

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