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Qantas flying kangaroo 2012 7 21

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Australia: Qantas fires 500 workers to cut costs
Qantas says new fleet of planes requires less maintenance.
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Qantas shares plunge after huge profit warning
Australian flag carrier Qantas warned its full-year underlying pre-tax profit was likely to fall 91 percent from last year.
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Qantas and Emirates to form major alliance
Australia’s Qantas Airways and Dubai’s Emirates Airline announced today that they will form a 10-year alliance.
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Qantas flying kangaroo 2012 7 21

Qantas planes, with flying kangaroo tailfins, line Sydney airport.

Torsten Blackwood
AFP/Getty Images