Headline: Qantas reduces full-year forecast 64%, cuts long-haul capaci

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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.


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