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Qantas Risks Credit Rating Cut as Virgin Fight Drains Cash

2013-12-06 03:59:38| Airlines - Topix.net

Qantas Airways Ltd., one of just two airlines globally to be judged investment-grade by more than one ratings company, risks losing that status as losses mount amid a market share battle with Virgin Australia Holdings Ltd. Moody's Investors Service yesterday said it may reduce its Baa3 rating on Qantas after Australia's largest carrier forecast a ... (more)

Tags: rating credit cash cut

Qantas credit rating cut to junk

2013-12-06 03:24:55| BBC News | Business | UK Edition

Australian airline Qantas sees its credit rating downgraded to below-investment level, or junk, by the ratings agency Standard & Poor's.

Tags: rating credit cut junk

VIDEO: Qantas shares tumble to 18 month low

2013-12-05 11:01:56| BBC News | Business | UK Edition

Shares in Qantas slumped to an 18 month low on Thursday morning after the Australian airline warned of big losses and announced 1,000 job cuts.

Tags: video low month shares

Australia's Qantas Airways to slash 1,000 jobs

2013-12-05 06:56:11| Airlines - Topix.net

Qantas Airways said Thursday it will slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars , increasing the likelihood that regulators will throw the flag carrier a lifeline by easing restrictions on foreign ownership.

Tags: jobs airways slash qantas