That could be, Moodys recently downgraded Qantas stock to Junk status, and Qantas have been seeking a government bailout: http://www.smh.com.au/business/moodys

That could be, Moodys recently downgraded Qantas stock to Junk status, and Qantas have been seeking a government bailout: http://www.smh.com.au/business/moodys-cuts-qantas-credit-rating-by-two-notches-to-junk-status-20140109-30kj0.html http://www.smh.com.au/business/moodys-cuts-qantas-credit-rat... And Qantas was losing $262 Million per year on international, which they've apparently narrowed to a $91 Million annual loss by dropping half of their international routes. For Qantas it was the domestic routes that were subsidizing international: http://skift.com/2013/02/22/qantas-profits-double-after-aussie-airline-drops-half-of-its-international-routes/ http://skift.com/2013/02/22/qantas-profits-double-after-auss...