This is a link to S &P's recent rating of Qantas.
https://content.markitcdn.com/CommSe...pudWxsfQ==.pdf
It should be noted that while S & P considers that the business is a going concern, "our assessment that the business would retain more value as a
re-organised operating entity than in liquidation".
It's clear to all concerned parties, i.e. staff, shareholders, posters on this forum, that a "re-organisation" of the board would be the #1 priority.
In saying that, "re-organising" might be taken as exactly what they are doing now.
Still, I felt it was worth posting the link.