Three-Year Recovery Plan
Well-positioned for recovery
QANTAS
Jetstar
FREQUENT
FLYER
QANTAS
FREIGHT
Group Domestic¹ airlines are well-positioned to benefit from the
recovery in domestic travel and changing competitive environment;
capacity share ~70%; significant unit cost reduction post
restructuring; FY21 Group Domestic Underlying EBITDA of $304m
Australia's most valued Loyalty business generating strong cash
contribution and has a clear pathway to sustained earnings growth²
Freight has benefited from the consumer shift to e-commerce and is
also a natural hedge to the international passenger business
Operating Segment Underlying EBITDA
$4.0b
$3.6b
$3.2b
Group
International
$2.8b
$2.4b
$2.0b
Group
International
Group International³ businesses maintained operational readiness for
low cost restart and gradual ramp up
$1.6b
Group
Domestic
$1.2b
Group
Domestic
$0.8b
Strong liquidity position and strengthening operating cash flow
allowed Balance Sheet repair to begin
$0.4b
Group
Domestic
Loyalty
Loyalty
Loyalty
$0.0b
Three-Year Recovery Plan to improve operational cash flows and
deliver $1b in ongoing annual savings from FY23. Assessing further
opportunities to improve revenue and margins
Group
-$0.4b
International
FY19
FY20
FY21
The Group's integrated portfolio of mutually reinforcing businesses are well-positioned for the recovery
100
1. Group Domestic includes Qantas Domestic and Jetstar Domestic. 2. Measured on underlying EBIT. 3. Group International includes Qantas International (including Qantas Freight), Jetstar International Australian operations, Jetstar New Zealand, Jetstar Asia (Singapore) and the
contribution from Jetstar Japan.
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