Air Transport World

Qantas set the stage for its ambitious expansion program and the potential acquisition of part of Air New Zealand. (Asia/Pacific Report).(Qantas Airways Ltd. announces 2001-02 solid profit)(Brief Article)(Statistical Data Included)

Qantas set the stage for its ambitious expansion program and the potential acquisition of part of Air New Zealand by announcing a solid profit for 2001-02 and following that up with a successful A$800 million ($435.1 million) rights issue. CEO Geoff Dixon said net earnings for the year to June 30 grew 3% to A$428 million from A$415.4 million, underpinned by a dramatic turnaround in international operations in the second half. The company achieved EBIT of A$202 million from its overseas routes, which, though 55. …

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