Monday, April 13, 2009

Qantas slashes profit estimate, plans mass job cuts - 1,750 jobs

TOKYO (MarketWatch) -- Qantas Airways said Tuesday it is cutting its fiscal 2009 earnings expectation by as much as 80% and plans to lower its flying capacity, reduce spending and eliminate up to 1,750 jobs in response to a major slump across the air travel industry.

http://www.marketwatch.com/news/story/story.aspx?guid=%7B3861959E%2D1A24%2D4369%2DB7A0%2D5A6FD11400E4%7D&siteid=YAHOOB

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