Aug 23 (Reuters) - Australia's Qantas Airways Ltd QAN.AX on Thursday posted a record annual underlying profit bolstered by a jump in domestic revenue as it cut capacity and raised fares, and announced a A$332 million buy-back program.
The airline's underlying pre-tax profit, its most closely watched measure, rose to A$1.60 billion ($1.17 billion) for the 12 months ended June 30 from A$1.40 billion a year earlier.
That was largely in line with an average estimate of A$1.61 billion from nine analysts, according to Thomson Reuters I/B/E/S.
($1 = 1.3669 Australian dollars)