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Qantas Shrinking Growth

In response to an 83 per cent fall in its first-half net profit to $A42 million to December 31 and as a part of a half a billion dollar cost cutting measure. Qantas is pulling out of two more routes in May and cutting 500 jobs in catering, engineering and heavy maintenance. The sectors being lost are: Auckland, New Zealand (AKL) to Los Angeles, USA (LAX) QF25 and 26 Singapore (SIN) to Mumbai (India) (BOM) QF 50 and 51 These cuts are in addition to the previously announced withdrawals in March from the Hong Kong-London…

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