Qantas just put its results out, and as expected they were bad.
In the lead up to the release, there was some discussion over a potential sale or spin-off of the airline’s valuable frequent-flyer business.
Nothing was explicitly mentioned in the documents released this morning, but if you were wondering, this is the closest Qantas came:
The review has identified a number of high-quality assets of significant value.
No final decisions have been made about other assets within the Group’s portfolio.
Qantas will update the market as and when required.
The review referred to is part of a plan to save $2 billion over the next three years, which includes cutting 5000 jobs.