Qantas cries over oil price

Qantas Airways says further restructuring will be necessary as world oil prices stay high.

Qantas chief executive Geoff Dixon today said the price of oil would stay very high for a very long time, and the company no longer thought oil prices would stay at $US60 a barrel.

“We do not believe oil prices will recede in any major way in the next two to three years,” Mr Dixon said.