Qantas announces 87 percent profit drop

The Qantas Group on Wednesday announced that its annual profit tumbled 87 percent. Australia’s largest air carrier reports its full year pre-tax profits fell to US$150 million The carrier — which operates its flagship Qantas as well as discount airline Jetstar — says its bottom line was hit by falling demand for air travel during the global recession. Qantas Chief Executive Officer Alan Joyce, said the diversity of the company’s operations had contributed to its being one of the few airline operators worldwide to produce a full-year profit, despite the global economic downturn, according to a company statement

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English-education city opens in S. Korea

Word: Geese Father Definition: A father who sends his wife and kids abroad to study English and only flies to see them during winter and summer vacations. Word: Eagle Father Definition: A geese father who is rich enough so he can swoop in to see his family any time he wants. Word: Penguin Father Definition: A geese father who is too poor to fly.

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