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Subject: Open 171.5--High 174--low 165--range 9c Vwap=168.65=vol=19.405.168

Author:
SLUMP--update 9.45pmINTERNATIONAL STRATEGY

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Date Posted: 03:03:38 03/09/12 Fri
In reply to: 165==11.14am==lowest algorithm 169 's message, "vwap 168.65==down 9c--Friday Good By e Ruby Tuesday" on 02:46:36 03/09/12 Fri

QANTAS UPDATE ON INTERNATIONAL STRATEGY
SYDNEY, 9 March 2012: Qantas today announced that discussions with Malaysia Airlines on a partnership,
including the establishment of a new premium airline, would not continue due to parties being unable to reach
mutually agreeable commercial terms.
Qantas Chief Executive Officer Mr Alan Joyce said Asia remained a priority for the Qantas Group and it
continued to explore opportunities in the region, including joint ventures and alliances. However, mindful of
global economic uncertainty, and consistent with Qantas’ focus on disciplined financial management, the group
will allocate minimal capital to such ventures.
“Last year, Qantas announced a five-year plan to address the challenges facing the international business,” Mr
Joyce said.
“The transformation of Qantas’ international business remains vital, with plans to return the international
business to profitability in the short term on track. In the medium term, the Qantas flying businesses, both
domestic and international combined, will exceed the cost of capital on a sustainable basis.”
This four pillar strategy includes restructuring the international network; creating a sustainable business model;
improving the customer experience and increasing the Group’s focus on Asia, the world's fastest-growing
region.
Issued by Qantas Corporate Communication (Q5374)
Media Enquiries: Luke Enright 0428 527 960

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