Air Transport World


Ansett's drive to revive profitability is beginning to pay off with a pretax profit of A$66.7 million ($41.2 million) for the first quarter of 1998-99, more than double that achieved in the year-ago period. Exec. Chairman Rod Eddington said that the result indicated that the 3-year recovery program was on track. However, he emphasized that the Sept. quarter is typically Ansett's best.

Meanwhile, plans to sell noncore operations have run into resistance from the unions, which are also seeking better wages and conditions. …

Log in to your account to read this article – and millions more.