Showing posts with label Australian aviation policy. Show all posts
Showing posts with label Australian aviation policy. Show all posts

Thursday, 27 February 2014

Qantas to cut 5,000 jobs in A$2bn cost-cutting move

Struggling airline Qantas has said it will cut 5,000 jobs, after reporting a heavy financial loss.
It is part of the Australian carrier's plans to reduce costs by A$2bn ($1.8bn; £1bn) over the next three years.
The cuts were announced alongside an underlying pre-tax loss of A$252m for the six months to the end of December.
The airline, which also plans to reduce its fleet by more than 50 aircraft, said it faced tough competition in both international and domestic operations.
Qantas chief executive Alan Joyce said he would be discussing the job cuts