Qantas pay £43m in bonuses to staff

Qantas Airways, Australia’s national airline, is set to pay staff a share of £43million after the company managed an extraordinary financial turnaround.

The bonus will benefit 28,000 employees who agreed to an 18 month pay freeze as part of a cost cutting plan. In 2014 Qantas reported their largest annual loss to date. Just one year earlier the airline was forced to axe 5,000 jobs.

After reporting their best half-year profit in four years, Qantas claim that the pay-out is designed to show appreciation for their employee’s dedication and hard work.

The sudden turnaround was aided in part by the sharp decline in fuel prices and the subsidence of the airlines main rivals.