Qantas has warned it expects to make an underlying loss before tax of between A$250 million ($226 million) and A$300 million for the half year ending Dec. 31.
The airline group blamed a “marked deterioration” in trading conditions, especially in November, “with both passenger loads and yields below the already negative trends for the year to date.”
As a result, 1,000 jobs will be cut over the next 12 months as the airline attempts to retrench and make savings of $2 billion over a three-year period....