Investor Presentaiton

Qantas Domestic FY23 FY22 Change Revenue $M 6,980 3,448 >100% Underlying EBIT $M 1,270 (765) >100% Operating Margin 20 % 18.2 <0 N/A ASKS Σ 32,513 21,233 +53% Seat factor % 76.2 60.9 +15.3ppts +6 ppts 2H23 capacity vs 1H23 capacity (as % of pre-COVID¹) Transformed domestic business delivering step-change in earnings • • Underlying EBIT of $1,270m delivered in FY23, achieving 18% Domestic EBIT margin target 2H23 capacity 99% of pre-COVID levels (1H23 93%) Recovery Plan transformation completed, unlocking $472m of structural benefits Structural network changes delivering permanent RASK benefit in addition to current strong demand environment - - Maintaining leading market share positions across corporate and SME [80% and 54% respectively) Continued strength of WA resources market resulting in commitment to 5 x A319 aircraft to Network Aviation Continued improvement in operational performance and customer experience • Market leading OTP and cancellation rate supporting NPS recovery Domestic fleet renewal program commencing with introduction of next generation A220- 300 and A321XLR aircraft from FY24 18% Operating Margin delivering against segment target • 77% 2H23 OTP, outperforming main competitor² in 11 out of 12 months — QantasLink 717s retirement program commenced May 2023 • More than 2 million passengers flown with fares sold below $200 CQANTAS GROUP 1. FY23 ASKS compared to FY19 ASKS as a proxy of pre-COVID flying. 2. Competitor refers to Virgin Australia Domestic for Qantas Domestic. FY23 Results | 16

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