The Aussie national carrier is planning to suspend a number of flights from Australia to Japan and New Zealand, in a bid to offset the rising cost of fuel.
Qantas will also retire two ageing Boeing 767s early and cut management jobs, according to reports, to help reduce costs and boost revenue.
The airline has estimated a A$140 million hit to its earnings, following a number of natural disasters in key markets.
The Japan earthquake and tsunami, flooding and cyclones in Queensland, and the earthquake in New Zealand have all affected the airline’s predicted earnings for the year.
Qantas plans to cut planned domestic capacity growth in the second half of this financial year from 14% to 8%, and international capacity from 10% to 7%.
The Australian airline’s low-cost subsidiary Jetstar will also cut flights, starting with the suspension of four weekly return services between Japan and Australia.
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