Three-Year Recovery Plan
International markets
FY22 Outlook
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International border closure and quarantine restrictions expected to ease
once 80% of eligible Australians are vaccinated
International repatriation and Freight assistance program operating on
behalf of the Australian Government to continue, representing ~15% of
Pre-COVID block hours for Qantas International in 1H22
Limited cash burn until network restart of $3m per week for 1H22¹
Planning for resumption of international flying from mid December
Initial destinations include Los Angeles, Honolulu, London, Singapore,
Tokyo, Vancouver and Fiji
Other destinations delayed to April 2022 include South Africa, South
America and parts of South East Asia
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Trans-Tasman bubble expected to resume from mid December
International travel intention at its strongest level in 12 months²
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Flying to be focused on cash generation and getting our people back to
work as soon as possible
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Revised Group International capacity assumptions:
Competitive Positioning
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Australia's only long-haul premium and low cost international airline with
extensive transformation improving relative cost position
10 x reconfigured A380s to return to service
Five will return earlier than planned, commencing July 2022 to Los
Angeles, and London by end of 1H23
Flexibility to return remaining aircraft by January 2024
Resuming Trans-Pacific operations from East Coast
789s to Los Angeles, San Francisco and Dallas; A330s on Brisbane to
Los Angeles and San Francisco
A380 return creates flexibility for Trans-Pacific capacity to grow
above Pre-COVID levels
More redemption seats available for frequent flyers
Emirates, China Eastern and American Airlines Joint Businesses ready
to restart once international travel resumes; proposed JBA with Japan
Airlines under regulatory consideration
Low fares model together with high density, high utilisation 787-8 enable
Jetstar to capitalise on pent-up leisure demand post-COVID
Capacity
3Q22
4Q22
2H22
% Pre-COVID³
30% - 40% 50% - 70%
40% - 55%
100
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Project Sunrise remains a key part of the Qantas International strategy.
Selected A350-1000 as preferred aircraft with non-stop flights expected
to be even more popular post-pandemic
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1. Net cash burn for Jetstar International and Qantas International including Qantas Freight. 2. Internal research of Qantas Customers. Overseas travel excluding New Zealand. As at 4 August 2021. 3. ASKS compared to FY19 as a proxy of Pre-COVID flying. 4. Emirates and China
Eastern anti-trust immunity until March 2023, American Airlines anti-trust immunity until November 2025.View entire presentation