By Jessica Stanic · 14 April 2009 · Locked
The Australian airline is slashing 1,750 positions and reducing its profit forecast by 60%. Will other major airlines follow suit?
As the economy shrinks further into recession, Australian airline Qantas has revealed it will remove 500 management positions along with an additional 1,250 full time positions. The airline has also slashed its full year pre-tax profit outlook to between $100 million and $200 million, down from its previous forecast of $500 million. Qantas’s chief executive, […]