Qantas Airways Limited, the national airline of Australia, is experiencing a change in market sentiment due to a downgrade in its outlook by UBS.

The company operates a wide range of services, including international and domestic air transport, cargo services, and a frequent flyer program.

Its business segments consist of Qantas Domestic, Qantas International, Jetstar Group, Qantas Loyalty, and Corporate.

Qantas Domestic is the leading carrier in the Australian market and offers amenities such as in-flight Wi-Fi and upgrades in domestic lounges.

Qantas International caters to high-end business and leisure travelers, providing a comprehensive service.

The Jetstar Group operates both domestic and international routes, with additional joint ventures in Singapore and Japan.

Qantas Loyalty focuses on consumer loyalty programs and small business coalitions, which helps diversify the airline's revenue streams.