There’s some relief for Qantas Airways Limited (ASX:QAN) passengers and perhaps shareholders this week as the Transport Workers Union (ASX:TWU) has called off its nationwide industrial action scheduled for tomorrow and Wednesday.
Qantas said the cancellation is welcome and it’s continuing to meet with the TWU to try to resolve the ongoing pay dispute at the centre of the strikes.
Meanwhile reports in Fairfax Media newspapers today said the airline is considered plans to outsource all of its ground-handling operations over the coming years, as part of a long-term strategy to reshape the company and lower its costs. But the airline denied any plans to outsource.
Qantas reported a net profit of $249 million for the 2011 financial year.
