Qantas sees blue skies ahead despite record loss | Bangkok Post: business

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Qantas sees blue skies ahead despite record loss

  • Published: | Viewed: 803 | Comments: 1
  • Newspaper section: Business
  • Writer: Jane Wardell
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SYDNEY: Qantas Airways is looking past its record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to foreign investment in the airline's international arm — its biggest headache. 

A funding injection into its international division would allow Qantas to better compete on price and service offerings with rivals whom it says are bolstered by unlimited funding from wealthy state backers.

It would also support Qantas' plans to re-configure its ageing fleet, invest resources in popular routes and further enlarge its global network, partly through its partnership with Emirates Airline.

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