Qantas is cutting 2,000 more jobs and outsourcing baggage handling in a bid to save $100million a year in costs. Qantas is cutting 2,000 more jobs and outsourcing baggage handling in a bid to save $100million a year in costsQantas announced on Monday its ground handling operations would be outsourced at ten airports across Australia in a bid to save $100million annually. 'Cutting costs is one way to increase margins rather than just hiking fares.' The job cuts had little effect on the Qantas share price, which was still at $5.52 almost an hour after the 12.25pm AEDT announcement. Its rival Virgin Australia is cutting costs and returning to its origins as a budget carrier under its new US private equity owner, Bain Capital.

Source: Daily Mail November 30, 2020 01:45 UTC