Jetset to axe jobs
Jetset, the travel company partly owned by Qantas, will scrap 110 jobs with a smaller annual profit to be announced.
The company has warned its pre-tax profit will be below the $30.7 million it reported last year due to impairment charges.
CEO Peter Lacaze said in a statement ongoing losses dictated a “detailed review of the resources assigned to that business activity”.
More than half of the jobs being scrapped will be from Jetset’s travel management business.
The travel retailer, whose brands include Harvey World Travel and Qantas Business Travel, is 29% owned by Qantas, while CVC Asia Pacific and UBS have holdings of 27% and 18% respectively.
The company said the job cuts would result in annual savings of about $9 million.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers