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Qantas Airways and its subsidiaries reported an underlying profit before tax of AUD1.4 billion (USD1.11 billion) for its financial year, which concluded on June 30.

Despite an 8.6 percent year-on-year drop in this measure, the result marked the group’s second highest performance in its 97 year history.

Moreover, the group achieved a statutory profit before tax of AUD1.18 billion (USD934 million), while statutory earnings per share stood at AUD0.46 (USD0.36).

Achieving exceptional success in the domestic market, Qantas Airways and Jetstar Airways combined achieved underlying earnings before interest at tax of AUD865 million (USD684 million), accounting for around 90 percent of Australia’s total profit pool.