BRIEF-Qantas cuts 5,000 jobs; reports HY underlying loss of A$252 mln

Thu, 27 Feb - 8:53am

Feb 27 (Reuters) - Qantas Airways Ltd QAN.AX :

* Qantas Airways - hy statutory loss after tax a$235 mln vs profit of a$109 mln a year ago

* Qantas Airways-hy underlying loss before tax a$252 mln vs profit of a$220 mln; no interim dividend will be paid in relation to hy ended 31 dec 2013

* Qantas Airways Ltd QAN.AX - reduction in capital expenditure of $1 billion across financial years 2014/2015 and 2015/2016

* Qantas Airways says as a result of the deterioration in business performance and operating environment, announced a reduction of 5,000 full time equivalent positions

* Qantas Airways Ltd QAN.AX - expecting to incur approximately $500 million in redundancy costs across financial years 2013/2014 and 2014/2015

* Source text for Eikon News Search ID:nASX2bJPpx

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URN: 
urn:newsml:reuters.com:20140226:nWNBS00CF9:9
Topics: 
AIRL RES ISU FINS AU CMPNY AIRS INDS JOB MEVN AIR ASIA BLR DBT LEN RTRS NEWS1 BACT DIV TRAN RESF FIN

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