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Article: BUSINESS IN ASIA TODAY - APRIL 14, 2009.
- Article from:
- AsiaPulse News
- Article date:
- April 14, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on April 14, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
QANTAS SLASHES PROFIT FORECAST, MAY CUT UP TO 1,750 JOBS
SYDNEY - Qantas Airways Ltd (ASX:QAN) has slashed its annual pre-tax profit forecast by more than half and flagged up to 1,750 more job cuts after a rapid decline in trading conditions. Citing a rapid and significant deterioration of trading conditions in the past few weeks, Qantas predicted an annual pre tax profit of between A$100 million (US$72.94 million) and A$200 million, down from its previous ...