Qantas has announced it is splitting its loss-making international business from domestic operations, as part of a five year turn-around plan announced last August.

The two companies will have separate management structures and chief executives. Alan Joyce will remain chief executive of the overall group. The move comes a day after 500 engineers were made redundant at Qantas' Melbourne operations.

Dr Ian Douglas, Senior Lecturer, gave his comment against break-up speculation.

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