More Qantas cuts

More Qantas cuts!

Qantas has just announced capacity cuts equivalent to grounding ten aircraft, saying the global financial crisis was continuing to affect passenger demand.

The capacity cuts are in addition to reductions announced earlier this year, and will include halting all planned domestic market growth for both Qantas and Jetstar.

QF will also not take up the planned lease of two A330-200 aircraft and will change the flying patterns of existing aircraft "to free up the equivalent of six B747-400s, three B767-300s and one A320-200 aircraft between now and mid-2010".