already big news in the UK....
Qantas shares fall below A$1 for first time on S&P warning - Telegraph
S&P said that if the airline's international business does not improve earnings in a reasonable timeframe, Qantas' risk profile would weaken.
"In our view, Qantas' international operations are a key factor to the group's long-term competitiveness," S&P credit analyst May Zhong said in a statement.
The shares fell 8.7pc to 97 cents at 06.50am (UK time)
It's going to be a long weekend for LC & Co me thinks...
A lot has happened since this story went to air on the 5th.... who would have thought....