Qantas to cut 5,000 jobs

Airline swings to first-half loss, inks agreement to sell Brisbane airport lease, declines profit guidance, shares slide.

Qantas Airways Ltd has swung to a first-half net loss and unveiled a further 5,000 job losses as the embattled national carrier waits to hear if it will receive any government assistance.

Investors responded poorly to the news. At the 1015 AEDT official market open, Qantas shares were 3.94% lower at $1.22, against a benchmark index slide of 0.4%.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles