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david: in 2018, qantas reported a profit of $1.2 u.s., its largest ever. shareholders were awarded with buybacks and dividends of $360 million, while employees were showered with $50 million of bonuses. that was a far cry from the $2.7 billion loss announced in 2014. there is no doubt. today s numbers represent the year that has passed that we have now come through the worst. alan: how do you do? nice to meet you. welcome to qantas. david: tell me about the turnaround. how did the plan evolve? alan: we had probably the perfect storm there around 2013. the conditions are important because we had high oil prices. they reached over $4 billion, the highest we have seen. we have simultaneously tried to take massive market share and being funded by a number of foreign airlines, extensively funded. we also had, because of a very high aussie dollar, a lot of international carriers flying into australia. it was a perfect storm in all of our businesses. david: joyce announced a $2 bi
MexicoNew-yorkUnited-statesAustraliaDubaiDubayyUnited-arab-emiratesSydneyNew-south-walesSingaporePerthWestern-australia be done within the airline industry. david: in 2018, qantas reported a profit of 1.2 billion u.s. dollars, its largest ever. shareholders were awarded with buybacks and dividends of $360 million, while employees were showered with $50 million of bonuses. that was a far cry from the $2.7 billion loss announced in 2014. there is no doubt. today s numbers represent the year that has passed that we have now come through the worst. alan: how do you do? nice to meet you. welcome to qantas. david: nice to be here. tell me about the turnaround. what were the main elements? how did the plan evolve? alan: we had probably the perfect storm there around 2013. the conditions are important because we had high oil prices. they reached over $4 billion, the highest we have seen. we have simultaneously tried to take massive market share and similarly had a competitor trying to take massive market share and being funded by a number of foreign airlines, extensively funded. we also had, becau
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