Qantas (QAN) Australia's largest airline, announced a $252 million loss for the 6 months to the end of 2013, slightly better result than the $277.5 million the...

CommSec

Online Stockbroker

Qantas (QAN) Australia's largest airline, announced a $252 million loss for the 6 months to the end of 2013, slightly better result than the $277.5 million the market expected. The loss was driven by; tight completion, low returns and demand in its international business, higher fuel cost and the set up cost incurred for Jetstar Asia. Qantas said it will cut 5,000 full-time equivalent positions by the end of 2017- this includes the 1,000 job cuts Qantas announced to the market back in Dec 2013. The company wide redundancies will cost around $500 million and 1,500 management jobs will go. No Dividend QAN has not paid one since the 2H08 - $0.06 Watch the full report here:


CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

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