The Australian Greens are calling the Prime Minister to intervene to protect jobs and the future of Qantas.
"This is devastating news for Qantas workers and their families and devastating news for all Australians", Greens Deputy Leader Adam Bandt said.
"The future of our national airline is at risk."
"Tony Abbott needs to step in and ensure that Qantas doesn't go to the wall."
"All options for government support should be on the table, including taking ownership stake, provided there is a guarantee of local jobs and long-term plan for a sustainable national carrier."
"Retaining a national carrier is critical to jobs and the economy and is a national security priority."
"The Parliament and the Australian people need to know what is happening at Qantas, why it is losing money and what the government can do to step in and help," Greens transport spokesperson Senator Rhiannon said.
"There is no doubt that Qantas management bears a large responsibility for this crisis and has questions to answer, in particular whether it is using profitable domestic operations to subsidise loss-making ventures overseas."
"However, it is also clear that Qantas is at a disadvantage compared to the government-backed international airlines it is competition with, which boosts the case for Australian government intervention."