Qantas will delay the delivery of two A380 planes by almost four years as it announced fresh spending cuts in a bid to streamline its operations.
The airline said it will reduce its capital expenditure by a further 400m Australian dollars ($410m; $254m) this year.
Qantas had announced cuts of A$500m in February.
Its profits fell 83% in the the six months to December amid rising costs and a slowdown in international routes.
"We are in a good position to reduce capital expenditure, targeting investment at business areas that deliver sustainable returns while maintaining flexibility in forward fleet commitments," Alan Joyce, chief executive of Qantas said in a statement.
Source & Image : BBC
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