Ratings agency Standard & Poor's Ratings Services on Friday downgraded Qantas Airways' credit rating to BB+, from BBB-.
Australia'sQantasunveiledplansfortheworld'slongestnon-stopcommercialflightFriday,callingitthe"lastfrontierofglobalaviation",asitpostedhealthyannualnetprofitsont
Australia's national airline Qantas has treated Australia's latest academy award winners to a first class tribute on their flight home to Australia overnight.
Australia's national airline Qantas has approached the United States Department of Transportation (USDT) seeking approval to open up at least two new trans-Pacific air routes over the next five years.
Australia's national airline Qantas has continued its turnaround in fortunes, with CEO Alan Joyce announcing that it expects its 2016 half-year profit to be almost three times that of 2015.
Australia's national flag carrier, Qantas, has shocked the local market by recording a loss of 2.8 billion Australian dollars (2.6 billion U.S. dollars), around three times worse than expected.
Qantas confirmed on Thursday that it will cut 5,000 jobs from its 32,000-strong workforce, after announcing a 252 million AU dollar (224 million U.S. dollar) half- year loss. This will help the flying kangaroo which is battling hard over record fuel costs and foreign low-cost rivals to slash costs by 2 billion AU dollars (1.78 billion U.S. dollars) in the coming three years.
Australian airline Qantas announced on Thursday that it would slash 5,000 jobs as part of its actions to reduce 2 billion AU dollars (1.8 billion U.S. dollars) in costs over the next three years.
Australia's largest airline Qantas is preparing to cut 5,000 jobs in response to an expected huge amount of losses in the first half of the 2013/14 financial year, local media reported on Tuesday.
Australia's largest airline Qantas on Thursday announced it will cut at least 1,000 jobs in the coming 12 months to achieve total coast savings of 2 billion AU dollars (1.81 billion U.S. dollars) over the next three years.