Qantas Freight to ditch local Qantas courier
Freight arm to gain tech boost in restructure as it faces reduced capacity, consolidation and a weak global cargo market.
March 14, 2014
According to news sources, Qantas will let go of Qantas Courier in Australia, one B747 freighter aircraft and will bolster supply chain and terminal technology for Qantas Freight as part of its structural reorganisation.
A Qantas spokeswoman revealed Qantas will close the Australian operations of its Qantas Courier business, a wholly-owned subsidiary of Qantas Freight.
“In recent years, Qantas Freight has narrowed its strategy from being a road express and door-to-door air express freight provider to focus solely on airport-to-airport air freight services,” she says.
The details came as the group’s first-half results showed that Qantas Freight reported underlying earnings before interest and tax (EBIT) of $11 million, down from $22 million in the previous first half, due to reduced capacity, consolidation and a weak global cargo market.