lowerlobe
16th Mar 2007, 20:10
Qantas warns of further cost cuts
Steve Creedy, Aviation writer
March 17, 2007
QANTAS has warned of further cost cuts as it prepares to meet a new wave of competition from Middle East carriers and low-cost domestic rivals.
Just a day after predicting its full-year earnings for 2006-07 would be up about 40 per cent and a pre-tax profit of $1.23billion was expected for 2007-08, Qantas chief executive Geoff Dixon warned unions of plans to meet the new competition head-on by slicing costs.
The warning was issued as Transport Minister Mark Vaile announced that Middle Eastern carrier Qatar Airways would be allowed to operate daily flights to Melbourne and start daily services to another major airport from 2008.
In return, Australian airlines would be able to use Qatar as a hub for flights to Europe.
Two points...First, Darth has just announced group profit will be up close to a 40% increase and he stll comes out with doom and gloom.He must be an exciting person to go to a party with.Darth uses every and any event as an excuse to cut and slash.If the wind changes direction he would seek some dispensation from the unions.
Second...Is this AO he is talking about flying to Europe via Qatar or is it a generic Australian airline having the rights to fly there?
Steve Creedy, Aviation writer
March 17, 2007
QANTAS has warned of further cost cuts as it prepares to meet a new wave of competition from Middle East carriers and low-cost domestic rivals.
Just a day after predicting its full-year earnings for 2006-07 would be up about 40 per cent and a pre-tax profit of $1.23billion was expected for 2007-08, Qantas chief executive Geoff Dixon warned unions of plans to meet the new competition head-on by slicing costs.
The warning was issued as Transport Minister Mark Vaile announced that Middle Eastern carrier Qatar Airways would be allowed to operate daily flights to Melbourne and start daily services to another major airport from 2008.
In return, Australian airlines would be able to use Qatar as a hub for flights to Europe.
Two points...First, Darth has just announced group profit will be up close to a 40% increase and he stll comes out with doom and gloom.He must be an exciting person to go to a party with.Darth uses every and any event as an excuse to cut and slash.If the wind changes direction he would seek some dispensation from the unions.
Second...Is this AO he is talking about flying to Europe via Qatar or is it a generic Australian airline having the rights to fly there?