iscover
early retirement Further Qantas 747s will be taking off for early retirement. (Lee Gatland)
Qantas cuts jobs, reviews maintenance operations
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Qantas will slash 500 jobs and review maintenance operations after announcing an 83 per cent drop in half yearly profits.
The airline said its pre-tax profits for the six months ending December 31 fell to $202 million, down $215 million from the previous year. It attributed the drop to higher fuel prices and the cost of last year’s industrial action, which the airline has put at $194 million. Statutory profit before tax for the half year was just $48 million, even though revenue increased six per cent (to $8 billion).
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