Qantas to cut jobs as profit slums

Qantas to cut jobs as profit slums
Updated on

Summary Qantas has said it will cut jobs as it unveiled an 83 percent slump in profit.

Australias flagship carrier Qantas said it would cut jobs as it unveiled an 83 percent slump in profit Thursday due to industrial action and spiralling fuel costs.Job reductions are expected as a result of aircraft retirements and operational changes, the airline said, without providing an exact number, although it said no jobs would be sent offshore.
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