Qantas' profit impacted by strikes and high fuel prices

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Source: BBC
© Scanpix/RS

Qantas, the flag carrier of Australia, announced net income to be between A$140 m and A$190 m in 2011 as compared to A$417 m in 2010. The profit was impacted by the increased fuel prices and strikes of the company's employees demanding better working conditions and higher salary. The strikes affected over 70,000 passengers and cost A$19 m for the company .

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