Investor Presentaiton

QANTAS INTERNATIONAL Building a fit and competitive Qantas International Significant transformation achieved to date FY11 HISTORIC STRUCTURAL CHALLENGES ADDRESSED FOR LONG TERM SUSTAINABILITY Transformation to deliver competitive unit cost position comparable to direct competitors • Network restructure around global gateways • • Asian operations rebuilt: capacity and timing Four-engine aircraft focused on long-haul • Schedules optimised Premium partners providing global coverage FY12 FY13 FY14 - • Exit loss making routes BKK¹ and HKG² to LHR3 • Launch to American Airways Hub - I DFW4 • Launch to LAN Hub - SCL5 ⚫9X B747 reconfiguration program • • • • 'Mary Gober' Phase I service training 12 X A380 reconfiguration program Heavy maintenance consolidation (Tullamarine closed) Emirates partnership launch/Asian network restructure Business Sleeper Service, Select on Q and Chauffeur Drive •New SINб premium lounge • • Asian partnerships - China Eastern & China Southern codeshare Begin retirement of non-reconfigured B747 fleet New HKG2 and LAX? Lounges Heavy maintenance consolidation (Avalon closed) • 'Creating Great' Phase II service training 'Right Sizing' of SIN6 flying • 'Fleet and Network' opportunities - significant utilisation uplift Dynamic scheduling initiatives • Partner connectivity (Westjet, Bangkok, China Airlines) • A330 reconfiguration with Business Suite begins 1. Bangkok 2. Hong Kong. 3. London Heathrow. 4. Dallas Fort Worth. 5. Santiago. 6. Singapore. 7. Los Angeles. FY15 122

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