And Australia is in a prime location?Another problem is that South Africa is at the arse end of the planet. It will never be a busy hub. So we fly unprofitable routes to connect to the globe. But I would argue that the fleet is a small part of the problem. 70% of the problem is corruption and waste.
Qantas has recorded a 15 per cent increase in annual profit due to strong demand for travel and an easing of capacity wars that had dented domestic flight profit margins in earlier years.
The airline made a full-year net profit after tax of $980 million, versus $852 million the year before.
The company's preferred measure of "underlying profit before tax" also rose from $1.4 billion to $1.6 billion, which is a record for Qantas.