Qantas will cut more jobs following a 10 per cent profit fall due to high fuel costs.
The airline reported a $352.6 million half-year profit, down from $390.2 million in the same period last year.
Despite moves to improve the efficiency of its business, the "extraordinary" high cost of jet fuel was having a substantial ongoing impact, the airline said in a statement.
"While further reforms in the business are under way, and coupled with the high fuel price, we do not expect to achieve the same levels of profitability in the current financial year." the statement said.
SMH
The airline reported a $352.6 million half-year profit, down from $390.2 million in the same period last year.
Despite moves to improve the efficiency of its business, the "extraordinary" high cost of jet fuel was having a substantial ongoing impact, the airline said in a statement.
"While further reforms in the business are under way, and coupled with the high fuel price, we do not expect to achieve the same levels of profitability in the current financial year." the statement said.
SMH
