Qantas cuts Auckland-LA flights
QANTAS is cutting its flights between Auckland and Los Angeles as it tries to cut costs following a 83per cents slump in half year profits.
Jobs will be also be cut as it makes changes to its engineering and catering services to deal with uncertain times in the aviation industry.
The airline has just reported an 83 per cent fall in its first half net profit to $A42 million to December 31, 2011, down from $239 million in the same period in the previous year.
As part of its cost-cutting exercise, the airline will cut its Auckland - Los Angeles services from May 6.
The airline said it will also slash capital expenditure by $200 million in the 2011/12 financial year, and cut $500 million from spending in 2012/13.
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