What we’re reading: Qantas to cut 1000 jobs, easy ski vacation ideas, Christmas in Las Vegas, Southwest, Virgin America to buy LaGuardia slots
Qantas cuts 1000 jobs, mulls future of Jetstar and frequent flyers
Qantas will cut 1000 jobs and will consider selling Jetstar, its low-cost subsidiary as well as its frequent flyer program.
After pleading over the last two weeks for financial assistance from the federal government, Qantas said in a profit warning on Thursday that the ”challenges we now face are immense.”
The airline will step up cost savings over the next three years, stripping out $2 billion.