Effective 1 July, the Qantas Group will have two distinct businesses — Qantas International and Qantas Domestic – instead of Qantas Airlines. In a major restructuring move, the Australian airline confirmed changes to its executive team in the next phase of the five-year transformation plan launched in August 2011.
After the restructuring process, Qantas International and Qantas Domestic will have their own chief executives and their own operational and commercial functions. Even the financial results will also be reported separately. Alan Joyce, chief executive Qantas Group, said the restructure would strengthen the Qantas Group’s portfolio and help deliver its strategic goals.