Qantas Responds to Rough Economic Climate
June 26, 2009 by Stephen Kersey
Filed under Business
Qantas Airways Limited, the largest airline in the country of Australia, has canceled or delayed a total of 30 aircraft orders with Boeing. This even more proof that the United States doesn’t have a monopoly on struggling airlines.
“Qantas announced its original B787 order in December 2005, explained Alan Joyce, the CEO of Qantas, “and the operating environment for the world’s airlines has clearly changed dramatically since then.”
With people around the world not having as much disposable income, travel has slowed. While recent months have seen a slight increase, overall the lack of passengers has hurt nearly every airline on the planet.
Qantas canceled 15 planes that were scheduled to be delivered within the next six years. A total of 15 other planes were delayed by four years.
Said Joyce: “The agreement we have reached with Boeing will provide greater certainty going forward in terms of our fleet renewal and growth strategies as well as broader resource planning and matching capacity with demand.”
This is obviously bad news for Boeing, who has already been dealt a number of financial blows in recent months.
Qantas (Image: Flickr)
