Investor Presentaiton
QANTAS INTERNATIONAL
Marco environment enhances competitive position
AUD/USD return to long-run range
AUD CLOSER TO PARITY
•
Competitor yield from POS AU¹ enhanced
•
Capacity expansion above demand
•
Declining air fares in market
•
Qantas International cost base disadvantage
heightened
Competitor growth into Australia of 44% FY09 - FY14,
versus global growth of 29%2
•
AUD IN LONG-RUN HISTORICAL RANGE
Competitor yield from POS AU contracts
Capacity growth moderate
Qantas International yields from outside Australia
POS enhanced
Qantas International cost base more competitive
Competitor revenue in POS AU is ~$1.5b3 less with
AUD/USD move from parity to ~75c
1. Point of Sale - Australia. 2 Based on BITRE and IATA Carrier Tracker data for industry ASK growth (excluding Qantas Group). 3. Internal analysis based on overseas carrier capacity share of 67% (BITRE) and 134
a Qantas yield proxy.View entire presentation