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MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits.
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.
SYDNEY, Feb 16 (Reuters) - Leading Australian airline Qantas Airways said its profits halved in its fiscal first-half after a bitter industrial dispute and high fuel bills took their toll, and said it planned to cut 500 jobs to reduce costs.
JAL plans up to US$13bil IPO Share sale of Japan Airlines could happen as early as September, according to sources
TOKYO: Japan Airlines Co, the carrier that exited bankruptcy last year, is planning an initial public offering that may raise as much as 1 trillion yen (US$13bil) as early as September, two people familiar with the matter said.
SYDNEY: Australian airline Qantas should base its Asian operations in Malaysia rather than Singapore if it is serious about expanding in the region, AirAsia Group chief executive officer Tan Sri Tony Fernandes said.