Qantas has announced it will cut as many as 500 jobs as profits for the airline continue to fall.

The Australian flag carrier reported a massive 83 per cent dive in profits in the first half of the financial year.

As a result, the airline will also be reducing international routes whilst it tries to rebuild its strength and increase profits.

Chief executive Alan Joyce outlined plans to modernise maintenance services departments in order to adapt to the latest aircraft technology,

The role of three Australian heavy maintenance bases will come under review, with many job losses expected in this sector.

“Today Qantas engineering services costs are at least 30 per cent higher than those of our competitors,” Joyce explained, “and we have the ability to change.”

Qantas currently employs about 36,000 people.

Photo by Planegeezer

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