SYDNEY, Nov 29 (GCTL) - Australia's Qantas Airways Ltd said the airline expected to post an underlying net profit before tax of between AU$140 million (US$138 million) to AU$190 million for the six months to December 2011.
The national flag carrier said increases in fuel costs and the impact of industrial action had cost the company more than AU$650 million.
Qantas Chief Executive Officer Alan Joyce said the forecast result underlined the strength of the Qantas Group's strategy and portfolio of businesses, and would be achieved despite a number of challenges.
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