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Qantas to cut 15% of staff as it falls into red

Radical revamp planned to cut costs by A$2b in bid to get state aid

'We will cut where we can in order to invest where we must. We will be a far leaner Qantas Group.'- CEO Alan Joyce

[SYDNEY] Qantas Airways is axing 15 per cent of its workforce, slashing spending and selling oil-guzzling older planes after stiff competition at home and overseas pushed the Australian flag carrier deep into the red in the first half.

In the most radical surgery at the airline since it...

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