Qantas revises debt repayments

Qantas Airways is cutting the amount of unsecured debt it must repay within three years by 47%. The change will allow the airline to concentrate on flight operations and revenue. The airline is paying off A$724 million ($677 million) of bonds and loans early this year, after raising A$700 million via the nation’s first junk-rated domestic note sales. This means that more than half of the company’s debt will not become payable until after 2019, leaving it free to focus on an operational restructuring plan aimed at reversing losses. Forecasters expect the airline to record its lowest revenue in 15