Broker slashes profit forecast for Qantas

[QF WP]

From The Australian:

A weak pricing environment and higher oil prices have prompted RBS to slash its 2009-10 pre-tax profit forecast for Qantas by almost 40 per cent....

 

[Nigelinoz]

Interesting to read this line in the report:

The analysts said the rising passenger load factor indicated Qantas had made sufficient cuts to capacity.

I have no knowledge of how true it is but a little bird told me yesterday that Qantas may be going to park a few aircraft for the foreseeable future.