Qantas revealed yesterday that its pre-tax profit for the fiscal year ending June 30 will be approximately A$670 million ($494.3 million), which falls at the bottom of the A$670-A$895 million range forecast by analysts. The total is affected by an estimated $153 million in restructuring costs. "We have advised the market since reporting a 2004-05 profit before tax of A$914.3 million that we would not achieve the same level of profitability" in the current fiscal year, CEO Geoff Dixon said. ...

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