30 Mar '11, 1am

Qantas says it will cut staff and flights over rising fuel costs and a series of natural disasters

Qantas says it will cut staff and flights over rising fuel costs and a series of natural disasters

Australian airline Qantas said they will cut staff and flights over skyrocketing fuel prices and a series of natural disasters. -- PHOTO: AFP SYDNEY - AUSTRALIAN flag carrier Qantas on Wednesday said it would slash capacity and staff due to a series of natural disasters and rising fuel costs. 'The significant and sustained increases in the price of fuel is the most serious challenge Qantas has faced since the global financial crisis,' chief executive Alan Joyce said. 'There has never been a time when the world faced so many natural disasters, all of which have come at a significant financial cost to the Qantas group,' he added. 'We need to act decisively to respond to rising fuel costs and natural disasters, just like we did during the global financial crisis, to ensure the ongoing sustainability of our business.' -- AFP

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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