Australian national carrier Qantas has announced that it would  implement cost cutting measures, including job reductions, retirement of older aircraft and a reduction in domestic and international flights.

The airliner will adopt the measures in view of the impact of the recent natural disasters in Queensland, New Zealand and Japan on its earnings in the next financial year.

Qantas said it would "reduce management headcount", without disclosing the number of jobs to be axed.

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