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Ailing Qantas may axe 5,000 jobs: report

Carrier silent on this but reiterates that it's committed to A$2b in cost cuts

Plenty of turbulence: As well as sacking 5,000 staff, the Sydney Daily Telegraph says Qantas may sell some of its terminals. The Australian reports it would accelerate the retirement of older jets and defer new orders. - PHOTO: AFP

[SYDNEY] Struggling Australian carrier Qantas yesterday said it was committed to slashing costs by A$2 billion (S$2.3 billion) but refused to confirm or deny a report that it will axe 5,000 jobs.

The airline has been battling record fuel costs and fierce competition from subsidised rivals...

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