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Thursday, February 16, 2012

Qantas cuts

Qantas have today announced an 83% fall in half year profit to $42 million.  As a result of the falling profit Qantas have overhauled their maintenance division which accounts for almost half of the 500 jobs being cut.  They have also cut two routes and made aircraft changes on others.

The two routes to be cut are the SIN-BOM 3x weekly tag and the daily AKL-LAX flight, these cuts come on top of the previously announced cuts to BKK/HKG-LHR.  SYD-BKK, SYD-PER & MEL-PER will experience aircraft changes with SYD-BKK/PER losing their 744s to A330s  with additional A330s on the MEL-PER route.

A potential winner out of this is Air New Zealand who now have a monopoly on the AKL-LAX route and intend to increase their services from the current 12x weekly, although they have yet to announce the actual increase numbers.

Qantas will also defer the delivery of some of its new Boeing 737-838s as well as bring forward the retirement of the bulk of its 747 fleet.

Read more about the Qantas job losses, flight cuts and Air New Zealand increases;
couriermail.com.au HERE
brisbanetimes.com.au HERE
nzherald.co.nz HERE
stuff.co.nz HERE

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