Qantas on Friday said it will cut 1,500 jobs by Dec. 31 and cancel a planned 8% boost in capacity for its 2009 fiscal year starting July 1 "in response to the sustained high oil prices and changing economic conditions." The carrier did, however, reach an accord "in principle" Friday with its mechanics on a new four-year labor contract, likely ending a dispute that had led to rolling work stoppages that disrupted QF's flight schedule in recent weeks. Regarding job cuts, CEO Geoff Dixon said ...

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