Tourism Industry News

No recovery in sight, says Qantas

21/09/2009 15:02

Qantas Airways has painted a gloomy picture of the airline industry, saying it has yet to see "any significant improvement in business conditions".


The Australian flag carrier said the global outlook "remains uncertain". Last month, Qantas announced that its profits for the first half of the year had fallen by 88% to 117m Australian dollars ($101m; £62.4m).


The company has implemented a A$1.5bn cost-cutting programme in order to improve profitability.


Get the full story at: BBC News




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