Qantas has said it will split its international and domestic operations into two separate divisions as it looks to restructure its business.
The firm said the split was aimed at cutting costs and streamlining its efforts to turn its international operations profitable.
Its international division has been making a loss amid volatile fuel prices and falling demand.
On Monday, the firm cut 500 jobs in its maintenance and engineering division.
"Qantas International, a great airline with a rich history, is loss-making and does not deliver sustainable returns," said Alan Joyce, chief executive of Qantas.
"However, we are committed to turning it around through the five-year strategy we announced last year, based on flying to global gateways, deeper alliances, smart investment in product and disciplined capital management."
Source & Image : BBC
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