Qantas and Emirates began an alliance on 31 March 2013, in which their combined carriers offered 98 flights per week to Dubai. In September 2013, the carrier predicted another A$250 million ( 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. S&P downgraded Qantas credit from BBB− (the lowest investment grade) to BB+. Moody's applied a similar downgrading a month later.
Qantas and Emirates began an alliance on 31 March 2013 in which their combined carriers offered 98 flights per week to Dubai In September 2013 the carrier predicted another A$250 million ( 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 1000 jobs within a year S&P downgraded Qantas credit from BBB− (the lowest investment grade) to BB+ Moody's applied a similar downgrading a month later