Qantas is hoping to source $300 million per year in the wake of major job cuts across all areas of its extensive business portfolio.

Qantas chief Alan Joyce said “there is no doubt that the cost of transition is big” as the airline culls more than 10 percent of its workforce, according to the Sydney Morning Herald.

The Qantas cutbacks stem from job losses in heavy maintenance, catering outlets, the closure of the Tullamarine jet engine workshop other aspects of Qantas’ business portfolio.

Mr Joyce anticipates the saved funds will aid Qantas International to return to profit in three years.

Qantas has updated its flight crew pre-takeoff checks after a process error took place on a Melbourne-bound flight last year, according to news.com.au.

The pilot failed to enter the progressive take-off speed into the navigation plan and the first officer then twice cleared a ‘check takeoff data’ alert from his screen.

The airline advised the Australian Transport Safety Bureau it had changed its flight-check manuals with instructions to warn of similar future incidents and updated Airbus’ computer software on its A380 fleet.

The aircraft took off normally and safely.  Both Airbus and Qantas have made changes to ensure that the process error cannot occur again,” a Qantas spokesperson said.

Qantas has also welcomed a decision by Fair Work Australia, allowing the airline to operate without interference from the Transport Workers Union (TWU).

Last year the TWU attempted to use the bargaining process for a new enterprise agreement to dictate how certain aspects of Qantas’s business should be run.

Qantas Group executive government and corporate affairs Olivia Wirth was pleased with Fair Work Australia’s decision and said the union’s demands were unreasonable and out of line.

“Importantly, Qantas is free to run our business as we see fit and not be dictated to by union officials who do not have the airline’s best interests at heart.”

The decision by Fair Work Australia also prevents the TWU from taking industrial action for at least the next two years.