Three-Year Recovery Plan

Domestic market FY22 Outlook Recent state lockdowns and associated border closures are expected to have a significant impact on 1H22 capacity Recovery delayed by five months, domestic lockdowns and border • restrictions expected to ease once 70% of eligible Australians are vaccinated • • Domestic demand was very strong in 4Q21 across both leisure and business travel segments; demand is expected to rebound as border restrictions ease and capacity is restored Strength from resources sector expected to continue throughout 1H22 Domestic travel intention in next 12 months has rebounded strongly at 96% of customers surveyed¹ Revised Group domestic capacity assumptions: Competitive Positioning • Expecting to maintain ~70% domestic capacity share • Extended competitive position for both domestic airlines - - Qantas Domestic Increased frequency, 39 new routes³ and plans to grow to ~100% capacity in 2H222 Increasing Corporate and SME share Strong NPS and superior product offering - Extended margin advantage through cost transformation and revenue premium - QLD border to open from mid September 2021, VIC and NSW borders to open from 1 December 2021 - Capacity 1Q22 % Pre-COVID² 38% 2Q22 53% 2H22 FY22 Jetstar Domestic Increased frequency, 7 new routes³ and plans to grow to ~120% capacity in 2H222 Only true low cost carrier in the Australian market with significant cost advantage 110% 77% - Price leadership and record NPS Group has agility and fleet flexibility to respond to dynamic domestic border fluctuations and will scale capacity as quickly as possible to optimise cash 100 1. Qantas customers intend to fly domestically in the next 12 months. Based on Qantas Group research as at August 2021. 2. ASKS compared to FY19 as a proxy of Pre-COVID flying. 3. New routes announced since 30 June 2020. | 30

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