Earlier last week, Virgin Blue announced cost cutting measures. Friday, Quantas (Queensland and Northern Territory Aerial Services) Airways, largest Australian airline and Australia’s national airline, announced their own measures -
- Cut 1,500 jobs by Dec 31 2008 – 20% management and head-office support positions to be slashed
- Cancel plans to hire additional 1,200 employees
- Cancel a planned 8% capacity increase for 2009
- Retire “one 737-400, two 767-300ERs, four 747-300s and one Jetstar Airways A320 as well as cancel delivery of one Jetstar A321“
From ATW online -
“Dixon told Australian media that he hoped the cuts announced Friday are
“the end of it” but conceded that further job reductions and other
measures may be necessary in the future. “I can’t sit here and predict
the oil price,” he said.”
