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"We'll look forward to working with Qantas to see how we can meet its requirements for Sydney-London non-stop", Airbus said in its statement.

"Qantas International came under continued pressure from excess capacity in the market, but these forces eased later in the year and the airline delivered the second-highest result in its history".

Qantas said the result showed its three-year turnaround programme had made it a more efficient business, with an operating profit margin of 9.9 per cent compared with the airline industry average of 4.4 per cent.

ViaSat's new equipment is tipped to provide faster speeds and more reliable connections, though it will not be switched on until the end of September as the newer technology must undergo additional testing.

Its global division slipped by Aus$185 million, but still recorded its second-highest underlying profit at Aus$327 million.

Although down almost 9 per cent from that record, CEO Joyce said the company's turnaround was complete.

"We tackled some hard structural issues, became a lot more efficient and kept improving customer service. We believe advances in the next few years will close the gap", Joyce said, per the Seattle Times.

Qantas hopes to schedule the world's longest nonstop flight in commercial travel aviation with a 20-hour flight from Sydney to London - that is if Boeing or Airbus can actually create a plane that can carry passengers continuously for that long.

Qantas' planned Sydney-London flight would be about 17,000 kilometres.

Australia's largest carrier also announced a $373 million buyback to increase shareholder returns, having only begun delivering dividends again a year ago after a seven-year drought.

"Use them", Leeham Co analyst Bjorn Fehrm said in a note to clients speculating about a 10,000-nautical-mile polar route in June, Reuters noted.

"That moderated in the second half and we're seeing that trend continuing", Joyce said in an interview with Bloomberg Television's Betty Liu and Yvonne Man on Friday.

Qantas also confirmed plans to sell non-stop, 20-hour flights from Sydney to London and NY by 2022 if Airbus SE or Boeing Co deliver aircraft capable of travelling the distance.

Qantas has announced it is investigating direct flights from the east coast of Australia to London and NY by 2022.