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Qantas takes $194m hit over 'union stoush, fuel costs' | thetelegraph.com.au
... QANTAS has blamed rising fuel costs and industrial disputes for an expected fall in first-half profit.
Qantas has revealed the recent industrial dispute wiped $194 million off its bottom line in the first half of 2011-12.
The figure includes $27 million lost from forward bookings, $29 million in customer recovery initiatives and $70 million from the impact of the global fleet grounding.
Another $68 million was lost prior to the grounding, from flight cancellations and delays.
CEO Alan Joyce said had the industrial action continued further, the cost to Qantas would have grown to $85 million a month. ...