Qantas Airways Ltd. has posted a record full-year profit of 1.53 billion Australian dollars ($1.1 billion) after undergoing a cost-saving restructuring.
The airline announced its financial results on Wednesday for the fiscal year through June. Qantas said it would pay its first dividend since 2009.
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The strong performance for Australia's largest airline comes two years after it posted a record AU$2.8 billion loss. Qantas underwent a restructuring to cut costs, including axing thousands of employees.
The Sydney-based airline declared a dividend of 7 Australian cents per share and said it would pay AU$75 million in cash bonuses to 25,000 employees.