Qantas to Cut 1,500 Jobs Countering Surging Fuel Costs
Other airlines are and will probably follow suit because of the increasing fuel costs.
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Qantas Airways is cutting its work force by 1,500 people worldwide in an effort to counter ever-higher fuel costs. Qantas also will also close call centers in Tucson, Ariz., and London, leading to the loss of 99 jobs. The cuts were necessary to ensure that Qantas survives the crisis in the aviation industry caused by large rises in the price of fuel. Fuel accounts for about 35 percent of Qantas' expenses, and rising fuel costs are expected to add more than $2 billion to the company's fuel bills to the year ending mid-2009. The airline is also abandoning plans to increase its capacity by 8 percent in the 12 months to mid-2009, with no growth expected in that period. Twenty-two older planes in Qantas 228-aircraft fleet will be retired. Qantas has reportedly already increased fares twice and cut capacity twice in recent months.
Other airlines are and will probably follow suit because of the increasing fuel costs.
There are still good airfares to be found if you hunt for them, try http://www.mytravelagentstore.sitecreatorplus.com/Airlines.html for the best prices out there. I just saved $114 over Cheap Tickets for a flight from Florida to NY
Qantas Airways is cutting its work force by 1,500 people worldwide in an effort to counter ever-higher fuel costs. Qantas also will also close call centers in Tucson, Ariz., and London, leading to the loss of 99 jobs. The cuts were necessary to ensure that Qantas survives the crisis in the aviation industry caused by large rises in the price of fuel. Fuel accounts for about 35 percent of Qantas' expenses, and rising fuel costs are expected to add more than $2 billion to the company's fuel bills to the year ending mid-2009. The airline is also abandoning plans to increase its capacity by 8 percent in the 12 months to mid-2009, with no growth expected in that period. Twenty-two older planes in Qantas 228-aircraft fleet will be retired. Qantas has reportedly already increased fares twice and cut capacity twice in recent months.
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