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Qantas profits slump
14 February 2006
Qantas' first-half profit has dropped by 21% due to the fallout from job cuts and high fuel prices. Net income for the six months ending December 31 is now predicted to drop to A$360 million ($267 million) from A$458.4 million ($337.6 million) in 2005. Qantas has stated that it will pay as much as A$80 million ($59 million) for restructuring costs, including redundancy payouts, to 15% of its management team.
Qantas' first-half profit has dropped by 21% due to the fallout from job cuts...
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