Qantas warned that its full-year pre-tax profit may fall 64% from its previous guidance of A$1.4 billion ($888.1 million) to A$500 million for the current fiscal year ending June 30, 2009, nearly halving the $A970 million earned in the 12 months ended last June 30. Responding to the economic downturn, QF also announced fleet changes that effectively ground 10 aircraft attached to its international operations. "By taking this action now, we will have the flexibility to switch growth back on ...

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