Airline Affairs

Qantas Cuts Jobs, Makes Small Profit:

Qantas has announced a series of staff cutbacks to counter rising costs and falling yield, though has managed to record a $12. 1m net profit for the 1989/90 financial year.

The airline announced in early November, a week before the release of its 1989/90 financial results, that it would be forced to reduce its workforce by 500 by the end of February 1991. The staff cuts were to be spread right across the organisation, though it was not made clear which areas would be most affected. The cuts are in line with what is happening worldwide. Airlines are feeling the pinch of rising fuel costs and a tightening world economy affecting passenger numbers, and they follow on from earlier announced moves which included a staff freeze and the withdrawal of services from Amster- dam, Athens, Bombay and Bahrain.

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