QANTAS TO CUT US$750M FROM SPENDING PLANS

It is one of those days when it is hard to decide what to put on the top of the news, so please make sure you refer to the top of the European section for a large Air France order set for Paris and a political aspect. Australia’s flag carrier Qantas Airways is suffering badly from depressed share price. Its price war with other carriers on domestic routes, maintenance worries, engine blowouts and strike action have all taken their toll. On top of this traffic is showing signs of leveling off across domestic services with expectations now put at 5.5%