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.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
|Customer Service||Policy||Advertise||Site Tools|
|HispanicBusiness Services||Editorial Guidelines||Ad Specifications||Magazine Archive|
|List Rental Agreement||About Us||Media Kits||Post Your Event|
|HireDiversity Job Search||Editorial Calendar||Research|
© 2014 HispanicBusiness Inc. All Rights Reserved.