Qantas cuts growth plans in wake of natural disasters, soaring fuel prices

Qantas A380. Photo: By Geoffrey Thomas. Qantas has slashed growth plans and warned of management cuts as the airline grapples with unprecedented natural disasters and soaring jet fuel prices. QF CEO Alan Joyce said Wednesday that an A$140 million ($141 million) hit to its bottom line from the recent weather and earthquake disasters necessitates a cut in domestic growth from a previously-planned 14% to 8% and in international growth from 10% to 7% for the second half of its current ...