[Anonymous]

[VintageKrug]

Qantas Airways Ltd. will cut the number of first and business class seats across its long-haul fleet as part of a review of seating following a slump in demand for premium travel, the Australian Financial Review said.

The airline would likely increase the number of economy seats on international routes to match moves by Singapore Airlines Ltd. and Emirates Airline, the newspaper said, citing Chief Executive Officer Alan Joyce. The reconfiguration of the fleet is expected to be announced before Christmas, the Review said.

The global airline industry is expected to lose $9 billion this year, the Review reported.

Qantas is targeting another A$1.5 billion ($1.4 billion) in savings over the next three years and has already cut about 700 management jobs and deferred some plane orders, the newspaper said.

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