Ailing Qantas needs a new battle strategy

Moody's downgrade of Qantas adds to the airline's woes amid an ongoing capacity war. Qantas' best defence is to convince Virgin that its tactics have no strategic value.

Moody’s announcement of its decision to downgrade Qantas’ credit rating to junk status is a pretty clear hint to the federal government of what it would need to do to revise ratings agencies’ perceptions of Qantas’ financial condition.


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