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Thursday, May 29, 2008
 

Qantas tightens seat belts and cuts capacity by 5% as fuel price continue to fly sky-high


Qantas will slash hundreds of jobs, freeze executive pay, ground aircraft and shut down some routes - and those of its offshoot Jetstar - because of the steep rise in fuel prices.

There will be reduced Jetstar operations at Avalon airport by August and the Melbourne to Uluru and Sydney to Gold Coast routes flown by Qantas would be dropped altogether. In total the moves will cut capacity by 5%.

theage.com.au

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