Qantas 2014 Annual Report Download - page 13

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Total annual benefit: > $100 million1 (from initiatives
announced so far)
– Two B747s replaced with existing A330s
– One B747 replaced through increased A380
utilisation
– Two B747s planned for retirement by the second
half of FY16
– Voluntary redundancies for surplus cabin crew
during FY15
BACKGROUND OUTCOMES
QANTAS TRANSFORMATION CASE STUDY
International Fleet Simplification
1 Total annual cash benefit, realised one year after completion of initiative.
Syndicated Loan Facility—Drawn
450 550
Bonds
FY22FY21FY20FY19FY18FY17FY16FY15
250
555
550
FY22FY21FY20FY19FY18FY17FY16FY15
250 400 300
281
As at December 2013
As at August 2014
DEBT
MATURITY
PROFILE
Increasing fleet utilisation and putting the right aircraft
on the right route across Asia, Europe and US networks.
– Exit from Perth–Singapore route > freed an A330 to
operate Brisbane–Singapore > enabled retirement
of a B747 (4Q FY14)
– Increased domestic fleet utilisation > frees an A330 to
operate Sydney–Singapore > enables the retirement
of a B747 (2Q FY15)
– Retime of QF9/10 (Melbourne–Dubai–London) > frees an
A380 to operate Sydney–Dallas/Fort Worth > enables the
retirement of a B747 (2Q FY15)
11
QANTAS ANNUAL REPORT 2014