SYDNEY: Qantas Airways Ltd plans to cut flights and force staff to take leave after it warned yesterday that a war in Iraq would derail its full-year profit targets, causing its share price to tumble 12%.
Australia's largest airline more than doubled its first-half net profit on the back of a strong rebound in international traffic from the depressed levels of late 2001, but investors homed in on the impact of a war on passenger numbers.
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