Australia's Qantas Airways Ltd will separate its loss-making international services from its profitable domestic ones, the company said Tuesday.
From July there would be separate entities each with their own chief executive, Qantas managing director Alan Joyce said.
"Formally separating the management of Qantas International and Qantas Domestic will ensure that we can independently run each business according to its specific priorities and market conditions," he said in a statement.
"These measures give us the right structure to address the challenges and opportunities we face, and the right people."
The airline's share of international travel from Australia has been shrinking - a loss reflected in domestic services making an underlying profit before tax of $546 million last financial year and the international operation registering a loss of 216 million Australian dollars.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Ad Counts Rise in 2013 for Hispanic Magazines
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Apple Activates Customer-Tracking iBeacon
- Dell Offers Undisclosed Number of Employee Buyouts
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- A Biography of Jonathan Ive, Apple's Creative Chief