Investor Presentaiton

Fares and costs moderating with restoration of capacity Average Domestic and International fares¹ Unit Cost [C/ASK) ex. fuel and depreciation -22% Transitionary costs -11% 6.2 -11% -12% Indicative only, 4.9 4.6 not to scale -17% QAD JQD QAI JQ12 2Q23 4Q23 FY20 FY22 4.5 FY23 FY24 Passenger fares continue to moderate with restoration of market capacity in line with expectations . Unit cost continue to reduce with restoration of capacity, reversal of transitionary costs and full benefit of $1b Recovery Plan Group capacity [ASKS in billions) +22% 151 144 117 99 89 Group Domestic 66 53 Group International 51 54 Total Group FY19 FY23 FY243 Group Domestic: Australian domestic market capacity largely restored to pre-COVID levels with growth in Jetstar in FY24 Group International: Recovery underpinned by continued recovery in Qantas with 14th 787-9, return of A380s and strong growth in Jetstar with introduction of A321LRs, optimising redeployment of 787-8s CQANTAS GROUP 1. Base fares for economy. 2. Jetstar International includes Jetstar Australia long haul, short haul and Trans-Tasman services. 3. FY24 capacity per guidance table on slide 28. FY23 Results | 6

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