Qantas to cut 1,000 jobs

QANTAS plans to cut at least 1,000 jobs over the next year after reporting an expected pre-tax loss of up to $300 million in the first half of this financial year.

In a statement to the share market, the airline says trading conditions have seriously deteriorated in November.

"The outlook for the second half of FY14 remains volatile and, given the uncertainty in global economic conditions, fuel prices and foreign exchange rates, it is not possible to provide further guidance at this time," the statement said.

It has flagged a pre-tax loss of between $245 million and $300 million in the six months to December 31.

Qantas also expects to cut the salaries of chief executive Alan Joyce and the company's board.

Read more at ABC


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