S&P downgrades Quantas Airways to junk status

Discussion in 'Qantas Airways | Frequent Flyer' started by Newscience, Dec 6, 2013.  |  Print Topic

  1. Newscience

    Newscience Gold Member

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    Is it time to become concerned if you have future travel scheduled on Quantas?


    S&P downgrades Qantas Airways to junk status

    Qantas Airways' credit rating was downgraded to junk status, one day after the beleaguered Australian carrier said it would slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars ($225 million).
    Standard & Poor's cut the airline's rating to BB+, which is below investment grade, citing the airline's losses.

    Read the article here:

    http://businesstoday.intoday.in/sto...s-qantas-airways-to-junk-status/1/201246.html
     
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  2. Globaliser
    Original Member

    Globaliser Silver Member

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    Nah. No such airline, so no worries.
     
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