SYDNEY: Australian airline Qantas Airways plans to axe 500 jobs and cut capital spending by A$700mil (US$749mil) over two years after a bitter industrial dispute and high fuel bills halved its first-half fiscal profit.
Chief executive Alan Joyce said the 13% cut in capital expenditure would come from early retirement of aircrat, withdrawal from some routes and cost controls in the airline's engineering, maintenance, ground handling and catering units.
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