Qantas Airways has announced plans for drastic cost-cutting—including 1,000 job losses—in a move that significantly raises the stakes in the carrier’s quest for government assistance. The airline has set a new cost-reduction goal of A$2 billion ($1.8 billion) over three years, prompted by a new warning from management that it will report a pre-tax loss of up to A$300 million for the six months through Dec. 31. This earnings guidance, and the new cost-cutting plan, have been unveiled ...
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