South Pacific Outlook: A now-profitable Qantas refocuses, with New Zealand also in its sights

2015 was witness to a remarkable turnaround by Qantas, which ended the calendar year heading for an AUD2 billion (USD1.4 billion) profit for FY2016. Domestic and international competitive problems have been put behind it. This is not such good news for Air New Zealand however, which faces reinvigorated competition on all fronts as Jetstar advances in its domestic market and American Airlines arrives from across the Pacific.