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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.