Qantas shares rise 7 percent after earnings jump
SYDNEY (Reuters) - Shares in Australia's flagship carrier Qantas (QAN.AX) jumped as much as 7 percent on Thursday after the company posted a full-year net profit of A$6 million from a net loss of A$244 million a year ago.
The carrier doubled its underlying annual profit and said shrinking losses on its international arm outweighed tougher competition on its lucrative domestic routes.
Qantas was trading 6.5 percent higher to A$1.31 by 0016 GMT.
(Reporting by Thuy Ong; Editing by Richard Pullin)