Qantas goes on cost-cutting spree
China Daily | Updated: 2009-08-20 08:06
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The airline reported lower full-year profits of $181 million. Bloomberg News |
ADELAIDE: Australian national airline Qantas Airways Ltd yesterday announced a program to cut costs by A$1.5 billion ($1.2 billion) over the next three years after recording an 88 percent drop in annual profit.
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