Qantas cuts profit forecast and capacity

Source: Flight Global

"Australia's Qantas Airways has cut its profit forecast for the financial year and is further reducing capacity as market conditions continue to deteriorate. The Oneworld alliance carrier says in a statement that it now expects a pre-tax profit for the financial year ending 30 June of around A$500 million ($326 million). In August it said it expected a pre-tax profit for the year of around A$750 million, based on an average of analysts' forecasts at the time." La suite.