Qantas 2010 Annual Report Download - page 9

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7 ANNUAL REPORT 2010
Dividend approach
The Board recognises the desirability
of returning a dividend to shareholders
wherever possible, and careful
consideration was given to this matter.
Over the coming period the Qantas Group
will need to service its very high capital
requirements, and retaining a high credit
rating remains a priority. The economic
outlook and competitive situation will
continue to be challenging and potentially
volatile. With this in mind, the Board has
determined not to deliver an interim or
nal dividend in 2009/2010, and future
dividends will continue to be assessed
against ongoing earnings performance
and capital requirements.
People
On behalf of the Board of Qantas, I want
to thank all members of the Qantas
Group for their efforts through the year.
I travel a lot, which means I often get to
see their dedication at rst hand, across
Australia and throughout our international
networks. The good results this year are
in large part testament to the immense
dedication and skill our staff display day in
day out. They have much to be proud of.
LEIGH CLIFFORD, AO