The chief executive of Qantas has warned the airline may have to axe more jobs if the economy continues to deteriorate.
The airline last week announced a 90 percent dive in profits for the 2008-09 financial year, with plans to embark on a major cost cutting scheme.
CEO Alan Joyce told ABC1’s Inside Business that the airline has the “flexibility to be able to remove capacity” if conditions deteriorated even further. The company was forced to slash 1,300 jobs last financial year as profits took a turn for the worse.
Joyce however, remains confident that the airline is “well-prepared for any situation.”
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