Qantas 2006 Annual Report Download - page 28

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we search throughout Australia and
worldwide for business opportunities
that add value to the company
“Qantas is exploring opportunities for development and investment that will
strengthen shareholder return, deliver benefi ts for customers and add value to our
core fl ying businesses.” Peter Gregg, Chief Financial Officer and Executive General Manager Strategy
Freight
The freight division of Qantas and its related joint venture
interests are an important contributor to the Group’s earnings.
Qantas Freight markets and sells the underfl oor belly space on
scheduled international services and operates scheduled weekly
freighter services and charter services.
In addition, Qantas works closely with Australia Post to handle
and transport mail and express parcels around Australia and to
114 destinations overseas.
To ensure it remains competitive and successful as a business
segment, Qantas Freight is investing in growth and diversifi cation.
Freight terminals, for example, are currently undergoing a
multi-million dollar redevelopment to improve existing facilities
and equipment as well as turn-around times.
Growth opportunities beyond traditional airline markets are also
being examined. These will build on the Group’s strong position
in the domestic time defi nite freight market through Star Track
Express and Australian air Express, both jointly controlled
businesses with Australia Post. Efforts are focused on growing
freight revenues through opportunities that might arise as a result
of further consolidation in the sector.
Associated Businesses
26