Qantas slashes capacity and staff due to natural disasters, fuel price

SYDNEY: Australia's Qantas Airways will cut capacity, retire aircraft and reduce management positions to help offset rising fuel prices and the impact on its business from Japan's recent earthquake, the airline said on Wednesday.
Qantas said it planned to cut domestic capacity growth in the second-half of the current financial year from 14 percent to 8 percent and international capacity growth from 10 percent to 7 percent.
Qantas said its second-half results would be impacted by a string of natural disasters in Australia, New Zealand and Japan.