Qantas will suspend a share buyback plan and increase airfares to protect its profitability as fuel prices continue to climb. CEO Geoff Dixon said yesterday that QF remains "confident of meeting guidance for a 2007-08 result of at least 40% higher than the 2006-07 reported profit before tax." He added that fundamentals remain strong and that QF is moving ahead with plans to unlock value in its portfolio businesses, such as its loyalty program, while a "robust" balance sheet provides ...

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