Air Transport World

Qantas. (News Briefs: Asia/Pacific Report).(cost cutting measures)(Brief Article)

Qantas indicated that earnings for the current fiscal year to June 30 may fall up to 30% below market forecasts amid signs that the airline is preparing to ax more jobs. CEO Geoff Dixon said Qantas may have to consider the elimination of 1,400 positions on top of the 1,000 redundancies already announced. He said a significant restructuring of work practices is planned, as well as moves to lower capital expenditure via early retirement of seven 767-200s and deferral of orders for A330-300s, which were scheduled to arrive next year. …

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