Qantas Airways credit rating downgraded to junk

Associated Press
Qantas Airways credit rating downgraded to junk

FILE - In this Feb. 21, 2013 file photo, a Qantas plane prepares to take off at Sydney Airport in Sydney, Australia. Qantas Airways said Thursday, Dec. 5, 2013 it will slash 1,000 jobs and suffer half-year losses of at least 250 million Australian dollars ($225 million), increasing the likelihood that regulators will throw the flag carrier a lifeline by easing restrictions on foreign ownership. (AP Photo/Rick Rycroft, File)

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