Editing Qantas (section)

===2010s structural change===
In August 2011, the company announced that following financial losses of A$200&nbsp;million ($209&nbsp;million) for the year ending June 2011 and a decline in market share, major structural changes would be made.<ref>{{Cite web|url=https://www.abc.net.au/worldtoday/content/2011/s3294410.htm|title=Qantas announces sweeping changes|date=16 August 2011|website=www.abc.net.au|language=en-AU|access-date=31 March 2020|archive-date=30 November 2020|archive-url=https://web.archive.org/web/20201130055651/https://www.abc.net.au/worldtoday/content/2011/s3294410.htm|url-status=live}}</ref> One planned change that did not come to fruition was the plan to create a new Asia-based premium airline that would operate under a different name.<ref>{{Cite web|url=https://www.smh.com.au/business/qantas-shelves-asia-airline-plan-20120309-1uppu.html|title=Qantas shelves Asia airline plan|last=O'sullivan|first=Matt|date=10 March 2012|website=The Sydney Morning Herald|archive-url=https://web.archive.org/web/20181025055845/https://www.smh.com.au/business/qantas-shelves-asia-airline-plan-20120309-1uppu.html|archive-date=25 October 2018|url-status=live|access-date=27 September 2018}}</ref> In addition to this plan, Qantas announced it planned to cut 1,000 jobs.<ref>{{cite news|url=https://www.theglobeandmail.com/report-on-business/international-news/asian-pacific/qantas-to-slash-1000-jobs-start-new-asian-airline/article2130844/|archive-url=https://web.archive.org/web/20110829031351/http://www.theglobeandmail.com/report-on-business/international-news/asian-pacific/qantas-to-slash-1000-jobs-start-new-asian-airline/article2130844/|url-status=dead|archive-date=29 August 2011|title=Qantas to slash 1,000 jobs, start new Asian airline|date=16 August 2011|location=Canada|work=Globe and Mail|first=Kristen|last=Gelineau}}</ref> The reforms included route changes, in particular the cessation of services to London via Hong Kong and Bangkok. While Qantas still operated in these cities, onward flights to London would be via its Oneworld partner British Airways under a code-share service.<ref>{{cite web|url=http://airlineroute.net/2011/08/22/qf-s12update2/|title=QANTAS NS12 Operation Changes: Update 2 as of 22AUG11|date=22 August 2011|access-date=22 August 2011|archive-date=20 September 2011|archive-url=https://web.archive.org/web/20110920194144/http://airlineroute.net/2011/08/22/qf-s12update2/|url-status=live}}</ref>

[[File:Qantas A380 receiving a water cannon salute at Dubai International Airport.jpg|thumb|The first daylight arrival of a Qantas Airbus A380 at [[Dubai International Airport]] on 1 April 2013]]

In 2012, Qantas reported an A$245&nbsp;million full-year loss to the end of June 2012, citing high fuel prices, intense competition and industrial disputes. This was the first full year loss since Qantas was fully privatised 17 years previously, in 1995, and led to the airline cancelling its order of 35 new [[Boeing 787]] aircraft, to reduce its spending.<ref>{{cite web|url=http://www.brisbanetimes.com.au/business/earnings-season/qantas-cancels-jet-orders-as-it-posts-first-loss-20120823-24ngx.html|title=Qantas cancels jet orders as it posts first loss|date=23 August 2012|access-date=23 August 2012|archive-date=24 August 2012|archive-url=https://web.archive.org/web/20120824115451/http://www.brisbanetimes.com.au/business/earnings-season/qantas-cancels-jet-orders-as-it-posts-first-loss-20120823-24ngx.html|url-status=live}}</ref> Qantas subsequently divested itself of its 50% holding of [[StarTrack]], Australia's largest road freight company, in part for acquiring full interest in [[Australian airExpress]].<ref>{{cite web|title=Australia Post finalises StarTrack acquisition|date=14 November 2012|publisher=Australia Post|url=http://auspost.com.au/about-us/australia-post-finalises-startrack-acquisition.html|archive-url=https://web.archive.org/web/20121121095251/http://auspost.com.au/about-us/australia-post-finalises-startrack-acquisition.html|archive-date=21 November 2012|url-status=dead|access-date=25 March 2014}}</ref><ref>{{Cite news|title=Australia Post to buy Qantas out of freight group StarTrack in $400 million deal|newspaper=Herald Sun|location=Melbourne|date=2 October 2012|url=http://www.heraldsun.com.au/business/companies/australia-post-to-buy-qantas-out-of-freight-group-startrack-express-in-400-million-deal/story-fndgp8b1-1226486162571|archive-url=https://archive.today/20121230114508/http://www.heraldsun.com.au/business/companies/australia-post-to-buy-qantas-out-of-freight-group-startrack-express-in-400-million-deal/story-fndgp8b1-1226486162571|url-status=dead|archive-date=30 December 2012}}</ref> In March 2012, Qantas set up [[Jetstar Hong Kong]] with [[China Eastern Airlines]] Corporation, which was intended to begin flights in 2013, but became embroiled in a protracted approval process.<ref>{{cite news|url=https://www.bloomberg.com/news/2012-03-25/qantas-plans-hong-kong-budget-airline-with-china-eastern.html|title=Qantas, China Eastern Plan Cheap Flights for Asia Middle|last1=Fickling|first1=David|date=26 March 2012|work=Bloomberg|last2=Wang|first2=Jasmine|access-date=11 March 2017|archive-date=31 May 2014|archive-url=https://web.archive.org/web/20140531124559/http://www.bloomberg.com/news/2012-03-25/qantas-plans-hong-kong-budget-airline-with-china-eastern.html|url-status=live}}</ref>

Qantas and Emirates began an alliance on 31 March 2013, in which their combined carriers offered 98 flights per week to Dubai.<ref>{{cite web|last=Fickling|first=David|url=https://www.bloomberg.com/news/2013-03-31/qantas-europe-bookings-up-6-fold-as-emirates-alliance-takes-off.html|title=Qantas Europe Sales Up 6-Fold as Emirates Alliance Takes Off|publisher=Bloomberg|date=31 March 2013|access-date=3 July 2013|archive-date=15 May 2013|archive-url=https://web.archive.org/web/20130515153028/http://www.bloomberg.com/news/2013-03-31/qantas-europe-bookings-up-6-fold-as-emirates-alliance-takes-off.html|url-status=live}}</ref><ref>{{cite web|date=2 April 2013|title=Capital Business » Emirates, Qantas historic partnership begins|url=http://www.capitalfm.co.ke/business/2013/04/emirates-qantas-historic-partnership-begins/|url-status=live|archive-url=https://web.archive.org/web/20130403215402/http://www.capitalfm.co.ke/business/2013/04/emirates-qantas-historic-partnership-begins/|archive-date=3 April 2013|access-date=3 July 2013|publisher=Capitalfm.co.ke}}</ref> In September 2013, the carrier predicted another [[Australian dollar|A$]]250&nbsp;million&nbsp;({{US$|220|link=yes}}&nbsp;million) net loss for the half-year period that ended on 31 December and the implementation of further cost-cutting measures that would see the cut of 1,000 jobs within a year.<ref>{{cite news|last=Paylor|first=Anne|title=Qantas warns of half-year losses, announces 1,000 staff cutbacks|url=https://aviationweek.com/air-transport/airlines-lessors/qantas-warns-half-year-losses-announces-1000-staff-cutbacks|work=[[Air Transport World]]|date=5 December 2013|archive-url=https://archive.today/20131206205420/http://atwonline.com/finance-amp-data/qantas-warns-half-year-losses-announces-1000-staff-cutbacks|archive-date=6 December 2013|url-status=dead}}</ref> [[Standard & Poor's|S&P]] downgraded Qantas credit from BBB− (the lowest investment grade) to BB+.<ref>{{cite news|last=Kelly|first=Ross|title=S&P Downgrades Qantas|url=https://online.wsj.com/news/articles/SB10001424052702303997604579240962188476596|newspaper=[[The Wall Street Journal]]|date=6 December 2013|archive-url=https://archive.today/20131206214308/http://online.wsj.com/news/articles/SB10001424052702303997604579240962188476596|archive-date=6 December 2013|url-status=dead}}</ref> [[Moody's]] applied a similar downgrading a month later.<ref>{{cite news|last=Paylor|first=Anne|title=Qantas receives second rating downgrade|url=https://aviationweek.com/air-transport/airlines-lessors/qantas-receives-second-rating-downgrade|work=[[Air Transport World]]|date=9 January 2014|archive-url=https://archive.today/20140110002911/http://atwonline.com/finance-amp-data/qantas-receives-second-rating-downgrade|archive-date=10 January 2014|url-status=dead}}</ref>

Losses continued into the 2014 reporting year, with the Qantas Group reporting a half year loss of A$235&nbsp;million&nbsp;({{US$|208}}&nbsp;million)<ref>{{cite news|title=Qantas Group reports $208 million loss for FY14 first half|first=Mark|last=Nensel|work=[[Air Transport World]]|date=27 February 2014|url=https://aviationweek.com/air-transport/safety-ops-regulation/other-news-10282008-5|url-status=live|archive-url=https://web.archive.org/web/20140228131959/http://atwonline.com/finance-amp-data/qantas-group-reports-208-million-loss-fy14-first-half|archive-date=28 February 2014}}&nbsp;</ref> and an eventual full year loss of A$2.84&nbsp;billion.<ref name="Ryan-2015" /> In February 2014, additional cost-cutting measures to save A$2&nbsp;billion, including the loss of 5,000 jobs that will see the workforce lowered from 32,000 to 27,000 by 2017 were announced.<ref name="Qdet">{{cite news|title=Qantas responds to deterioration: cuts 5,000 jobs & 50 aircraft – but changes are overdue|work=Centre for Aviation|url=http://centreforaviation.com/analysis/qantas-responds-to-deterioration-cuts-5000-jobs--50-aircraft--but-changes-are-over-due-154979|url-status=live|archive-url=https://web.archive.org/web/20140227115936/http://centreforaviation.com/analysis/qantas-responds-to-deterioration-cuts-5000-jobs--50-aircraft--but-changes-are-over-due-154979|archive-date=27 February 2014}}</ref> In May 2014, the company stated it expected to shed 2,200 jobs by June 2014, including those of 100 pilots. Qantas reduced the size of its fleet by retiring aircraft and deferring deliveries, and planned to sell some of its assets.<ref name="Qdet" /><ref>{{cite news|title=Qantas slashes 5,000 jobs as it posts A$252m H1 loss|first=Ellis|last=Taylor|location=[[Singapore]]|work=[[Flightglobal]]|date=27 February 2014|url=http://www.flightglobal.com/news/articles/qantas-slashes-5000-jobs-as-it-posts-a252m-h1-loss-396383/|url-status=live|archive-url=https://web.archive.org/web/20140227120533/http://www.flightglobal.com/news/articles/qantas-slashes-5000-jobs-as-it-posts-a252m-h1-loss-396383/|archive-date=27 February 2014}}</ref><ref>{{cite news|title=Qantas to trim 747 fleet, defer 787 and A380 deliveries|first=Ellis|last=Taylor|location=[[Singapore]]|work=[[Flightglobal]]|date=27 February 2014|url=http://www.flightglobal.com/news/articles/qantas-to-trim-747-fleet-defer-787-and-a380-deliveries-396387/|url-status=live|archive-url=https://web.archive.org/web/20140227122535/http://www.flightglobal.com/news/articles/qantas-to-trim-747-fleet-defer-787-and-a380-deliveries-396387/|archive-date=27 February 2014}}</ref>

With 2,200 employees laid off by June 2014, another 1,800 job positions were planned to be cut by June 2015.<ref>{{cite news|title=More maintenance jobs axed in Qantas cost-cutting effort|first=Adrian|last=Schofield|work=[[Air Transport World]]|date=8 July 2014|url=http://atwonline.com/labor/more-maintenance-jobs-axed-qantas-cost-cutting-effort|archive-url=https://web.archive.org/web/20140708231020/http://atwonline.com/labor/more-maintenance-jobs-axed-qantas-cost-cutting-effort|archive-date=8 July 2014}}</ref> Also during 2014, the ''Qantas Sale Act'', under which the airline was privatised, was amended to repeal parts of section 7.<ref>{{cite news|url=http://www.austlii.edu.au/au/legis/cth/num_act/qsaa2014200/|title=QANTAS Sale Amendment Act 2014 (No. 94, 2014)|date=8 August 2014|access-date=8 May 2015|publisher=AustLII|archive-date=18 May 2015|archive-url=https://web.archive.org/web/20150518085106/http://www.austlii.edu.au/au/legis/cth/num_act/qsaa2014200/|url-status=live}}</ref> That act limits foreign ownership of Qantas to 49 percent, with foreign airlines subject to further restrictions, including a 35-percent limit for all foreign airline shareholdings combined. A single foreign entity can hold no more than 25 percent of the airline's shares.<ref>{{cite news|url=http://www.smh.com.au/business/ditching-sale-act-wont-end-turbulence-for-vexed-qantas-20120624-20wjr.html#ixzz24djAbsU3|title=Ditching sale act won't end turbulence for vexed Qantas|last=O'Sullivan|first=Matt|date=25 June 2012|access-date=27 August 2012|newspaper=Sydney Morning Herald|archive-date=4 September 2015|archive-url=https://web.archive.org/web/20150904013139/http://www.smh.com.au/business/ditching-sale-act-wont-end-turbulence-for-vexed-qantas-20120624-20wjr.html#ixzz24djAbsU3|url-status=live}}</ref>

Qantas returned to profit in 2015, announcing a A$557&nbsp;million after tax profit in August 2015, in contrast with a A$2.84&nbsp;billion loss the year earlier.<ref name="Ryan-2015">{{Cite web|url=http://www.abc.net.au/news/2015-08-20/qantas-full-year-profit-2015/6710462|title=Qantas swings back to $557m profit, announces $505m shareholder payment|last=Ryan|first=Peter|date=20 August 2015|website=ABC|access-date=27 September 2018|archive-date=22 September 2018|archive-url=https://web.archive.org/web/20180922075002/http://www.abc.net.au/news/2015-08-20/qantas-full-year-profit-2015/6710462|url-status=live}}</ref> In 2015, Qantas sold its lease of [[Sydney Airport#Terminal 3|Terminal 3]] at Sydney Airport, which was due to continue until 2019, back to [[Sydney Airport Corporation]] for $535&nbsp;million. This meant Sydney Airport resumed operational responsibility of the terminal, including the lucrative retail areas.<ref>{{cite web|url=http://www.ausbt.com.au/qantas-sells-sydney-airport-terminal-lease-for-535-million|first=David|last=Flynn|work=Australian Business Traveller|date=18 August 2015|access-date=18 August 2015|title=Qantas sells Sydney Airport terminal lease for $535 million|archive-date=4 September 2015|archive-url=https://web.archive.org/web/20150904013140/http://www.ausbt.com.au/qantas-sells-sydney-airport-terminal-lease-for-535-million|url-status=live}}</ref>{{clear right}}