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Qantas delays A350 order as coronavirus bites

Australian airline to cut international capacity 25% on plunge in travel demand

Qantas announced it will delay an order for 12 Airbus A350 long-haul jets, and its chairman and CEO, Alan Joyce, will take no salary for the rest of the current business year as a cost-cutting step.   © Reuters

SYDNEY (Reuters) -- Qantas Airways Ltd will cut its international capacity by nearly 25% over the next six months and delay an order for Airbus A350 planes as part of sweeping changes in response to a coronavirus-led plunge in passenger demand.

The Australian airline also said on Tuesday it is cancelling plans for a A$150 million ($98.73 million) off-market share buyback to preserve cash.

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