From Business Spectator-
Qantas returning to normal today | News | Business Spectator
Moody's flag possible Qantas downgrade
Ratings agency Moody's investor service has placed Qantas Airways Ltd under review for a possible downgrade this afternoon, citing its weekend grounding and ongoing industrial action.
Moody's said the weekend grounding of Qantas' fleet and other industrial relations actions over the weekend were likely to place pressure on the airline's forward bookings, profitability and future brand equity.
The announcement by Moody's, which came almost simultaneously with the take-off of the first post-grounding Qantas flight, represents another setback for the airline with the unions already seeking legal advice on challenging the ruling by Fair Work Australia that ended their stand-off between with Qantas.
"Qantas' Baa2/P-2 ratings have already been weakly positioned within the rating – as indicated by the previous negative outlook – due to the challenging operating environment as well as rising tensions on the industrial relations front for the airline over a longer period of time," Moody's vice president and senior credit officer Ian Lewis said in a statement.
and in another Business Spectator article we have this-
The AFR also said the Qantas plans to temporarily double the earn rate on frequent flyer points in a move targeted at regaining the high-yielding corporate market, which has defected to Virgin since the industrial action picked-up in August.
The preparations for the campaign with advertising agency M&C Saatchi have been in the pipeline for at least a week adding weight to the idea that Qantas' plans to ground the airline were well advanced by the time it enacted it on Saturday.
Qantas set to cut prices: report | News | Business Spectator