Qantas
delays planes to cut spending by $400m
Qantas
will cut spending by a further $400 million next financial year by
delaying delivery of new A380 aircraft
TVNZ,
4
May, 2012
A
review of the airline's maintenance operations has concluded, but a
decision will not be announced until mid-May, Qantas says in a
statement.
Qantas
was to receive two new super jumbo A380s in early 2013, but will now
take delivery of the aircraft in the 2016/17 financial year.
Another
six A380s will be delivered to Qantas from 2018/19.
The
changes will cut Qantas' capital expenditure by $400 million in
2012/13 to $1.9 billion.
The
spending reductions follow a previously announced $500 million worth
of cuts, which included staff cuts in its catering, cabin crew,
pilots, engineering and ground operations.
Qantas
has also been reviewing its maintenance operations to identify cost
savings, which is likely to result in job losses.
Chief
executive Alan Joyce has previously said keeping three maintenance
sites - Melbourne, Avalon and Brisbane - was not viable.
Qantas
also announced a big increase in capacity in its domestic business,
as it fights to maintain at least 65% market share.
"Our
goal in the domestic market remains simple and consistent - we intend
to retain the market share that enables us to maximise profit,"
Joyce said in a statement today.
Qantas
will step up competition against Virgin Australia by adding extra
services during peak times on the busiest east coast business routes
between Sydney, Melbourne and Brisbane.
It
will also bring back Boeing 747s on its Sydney and Perth route, plus
more Airbus A330s the Melbourne and Perth route.
That
will increase the capacity on those east coast and west coast routes.
Jetstar
will also increase its capacity, while QantasLink will increase
capacity across Queensland.
More
details about new routes and timing would be announced at a later
date, Qantas said.
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