Strong domestic business combined with record profits for Jetstar and its freight division propelled the Qantas Group to its best result since the Global Financial Crisis – a net profit of $249m for the 2010/11 financial year.  “But it is important to put this result in context,” said CEO Alan Joyce, referring to planned expenditure of $5 billion, high fuel prices and global uncertainty. He said Qantas International lost $200m, justifying the radical shakeup Qantas announced last week. “We will reduce investment in under-performing businesses and direct capital to growth opportunities.”

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