Tag Archives: 737-476

QANTAS Airways retires its last Boeing 737-400, could report a large first-half loss this week

QANTAS Airways (Sydney) yesterday (February 23) retired its last Boeing 737-400. According to the QANTAS Source, Boeing 737-476 VH-TJS (msn 24444) operated flight QF 819 from Canberra to Melbourne. VH-TJS was originally delivered to Australian Airlines (1st) on May 4, 1993.

In other news, the group is expected to post a large loss for the first half of its fiscal year this week. Media speculation in the Australia press reports the company could cut upwards of 5,000 jobs according to Herald Sun.

Read the full report from The Australian: CLICK HERE

QANTAS issued this short statement:

There is fresh speculation about what things we will or won’t announce on Thursday as part of our half year results. We are not in a position to comment on that speculation.

We have said that we will be making some tough decisions in order to achieve $2 billion in cost savings over the next three years, which is a consequence of an unprecedented set of market conditions now facing QANTAS.

We’ve also said that we must take steps to reduce our costs regardless of whether the Federal Government acts on the uneven playing field in the Australian aviation market.

Copyright Photo: John Adlard/AirlinersGallery.com. Sister ship Boeing 737-436 VH-TJE (msn 24430) arrives at Sydney.

QANTAS Airways: AG Slide Show