Flightglobal:

Qantas Airways will defer the delivery of Airbus A380 and Boeing 737-800 aircraft, slash capacity, and possibly cut jobs in response to worsening economic......

Author: Siva Govindasamy

Date: 14 April 2009

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This move highlights that even the bigger airlines are in trouble from this economic 'crisis' and these steps to alleviate cashflow are a necessary if unwelcome step.

Just imagine a few years ago when the world's economy was booming, having to instigate these measures to survive : annual leave, long service leave, attrition, redeployment, leave without pay, promoting part-time work and job-sharing. Redundancies, however, will be "unavoidable".

Media release from Qantas

http://asx.com.au/asxpdf/20090414/pdf/31h1dbxm9rgp7v.pdf

500 Management jobs to go
1250 FTE jobs to be cut
5% reduction in flying capacity
Cuts to freight capacity
10 aircraft to be grounded making them available for sale
4 x A380's to be deferred
12 x 738's to be deferred
Exploring a number of options on the 787-800 including reducing the number to be delivered