QANTAS cuts cost for tech refresh

Thread starter Flashback
Start date Aug 13, 2010

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Flashback

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Aug 13, 2010

Qantas cuts cost for tech refresh - Finance - Business - News - iTnews.com.au

Qantas has made the best of a flat IT budget in the last fiscal year, cutting costs across the board to fund projects specifically geared at driving "transformational change."

The airline group announced profits of $377 million for the fiscal year to June 30, 2010.

Chief executive Alan Joyce was pleased with the result considering the $46 million impact of Iceland's volcano that shut down European airspace in April, geopolitical dramas in Thailand and increased competition in the domestic market.

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