Qantas meets unions over 5,000 job cuts

Qantas is meeting unions anxious about 5,000 planned job cuts, as rival Virgin posts a half-year loss citing tough conditions across the airline industry.

Thomas Cook losses hit £485m during annus horribilis

A disastrous year for Thomas Cook has been laid bare as the travel company revealed that losses increased to £485m in a period in which the business nearly collapsed and its chief executive resigned.