QANTAS TO MAKE CUTS ON ROUTES AND STAFF

Qantas Airways has announced it is cutting key routes to Japan and New Zealand, retiring aircraft and cutting a number of management positions. A severe drop off in demand is blamed for the cut in routes as the airline attempts to shore up costs. Qantas stated it would incur an A$140 million hit from the cost of natural disasters, which is on top of the $25 million caused from the grounding of its A380 following the mid-air engine blow out in November. Chief executive Alan Joyce has also stated he is reviewing the airline’s manpower costs: “We want to limit