More Qantas Doom and Gloom.....
Here we go again!!!
Qantas to scrap planes, jobs as fuel costs bite
March 30, 2011 - 10:19AM
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Qantas Airways has announced a raft of cost-cutting measures including reducing capacity in response to rising fuel costs.
Qantas chief executive Alan Joyce said the measures included reductions in domestic and international capacity, retirement of aircraft, reduction of management positions and ongoing fuel surcharges.
The airline was responding to high oil and jet fuel prices and the impact of significant natural disasters in Japan, New Zealand and Australia, Mr Joyce said.
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"The significant and sustained increases in the price of fuel is the most serious challenge Qantas has faced since the Global Financial Crisis," Mr Joyce said in a statement today.
More to come
AAP
Lets see how much they cut JQ back.
Will be interesting to see what they come up with.
Did someone say there's an EBA or 2 up for negotiation??