Qantas 2005 Annual Report Download - page 11

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9
In an industry that has lost more than US$35 billion
since 2001, Qantas is one of a very small number of
airlines that has been consistently profitable.
Qantas is as committed to providing good returns for
shareholders as it is to providing the best product and
service for its customers.
Because growth is fundamental to our business,
Qantas is looking for profitable expansion in high-yield
full-service markets in Australia and internationally.
At the same time, we are growing our value-based
airlines, such as Jetstar, to compete effectively in
leisure markets.
Qantas is also pursuing growth opportunities in
associated businesses to diversify earnings sources
and provide a buffer against the cyclical nature of
its flying businesses.
We realise that cost control is essential to our business
and have achieved cost and efficiency savings of
$1 billion in the past two years. We will continue to
target a further $2 billion in savings over the next
three years.
Since listing on the Australian Stock Exchange in 1995,
Qantas has provided total shareholder return of more
than 340 per centx
Being a
good business
is as important
as being a
great airlinex
5~
Qantas Annual Report 2005
~Our Business~