Boeing hit by 'biggest-ever 787 order cancellation'
Australian carrier Qantas says it's canceling orders for 35 Boeing 787 Dreamliner jets.
The airline's move, which is says it to cut expenses, comes after it reported a full-year loss of 245 million Australian dollar ($257 million). That marks Qantas' first full-year net loss since the company was privatized in 1995, according to The Sydney Morning Herald. Qantas blamed the loss on high fuel costs, labor disputes and intense competition in its home market.
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Immediately after posting the loss, Qantas CEO Alan Joyce said the airline would cancel its order for 35 Boeing 787-9 aircraft. However, Joyce said Qantas is planning to proceed with a purchase of 15 787-8 models.
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Australian carrier Qantas says it's canceling orders for 35 Boeing 787 Dreamliner jets.
The airline's move, which is says it to cut expenses, comes after it reported a full-year loss of 245 million Australian dollar ($257 million). That marks Qantas' first full-year net loss since the company was privatized in 1995, according to The Sydney Morning Herald. Qantas blamed the loss on high fuel costs, labor disputes and intense competition in its home market.
PHOTO GALLERY: Boeing finally delivers first 787 Dreamliner
PHOTO GALLERY: After long wait, Boeing Dreamliner makes first commercial flight
PHOTO GALLERY: Take a tour of United's first 787 'Dreamliner'
PHOTO GALLERY: Scenes from onboard Ethiopian Airlines' Dreamliner delivery flight
Immediately after posting the loss, Qantas CEO Alan Joyce said the airline would cancel its order for 35 Boeing 787-9 aircraft. However, Joyce said Qantas is planning to proceed with a purchase of 15 787-8 models.
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