Qantas CEO Joyce Says Domestic Market Performing Well

The transcript discusses the economic challenges in Australia, particularly affecting Qantas and its domestic market. Despite initial struggles, Qantas saw improvement in the second quarter. The impact of oil prices on Qantas' financial performance is analyzed, highlighting the competition in the airline industry. The transcript also covers Qantas' competitive position against Virgin Australia and the effect of the US travel ban on its operations. Finally, CEO Alan Joyce shares his future plans with Qantas.

What was the initial economic condition in Australia during the first quarter?

• Strong economic growth

• Economic weakness

• Stable economy

• Rapid inflation

How did Qantas manage the fluctuations in oil prices?

• By cutting employee salaries

• By hedging 90% of their oil consumption

• By increasing ticket prices

• By reducing flight routes

What is the impact of international competition on Qantas due to lower oil prices?

• Higher ticket prices

• Increased profits

• Decreased market share

• Reduced unit revenue

What is the market share of Qantas in the domestic market?

• 50%

• 86%

• 62%

• 75%

What strategy does Qantas focus on to maintain its competitive edge?

• Increasing ticket prices

• Maintaining great customer service and transforming business

• Expanding into new markets

• Reducing customer service

How has President Trump's travel ban affected Qantas?

• Significant impact on traffic flows

• No impact at all

• Minor impact with one customer affected

• Increased US operations

What is Alan's stance on his future with Qantas?

• He is looking for new opportunities

• He is uncertain about his future

• He will continue as long as shareholders and he are happy

• He plans to retire soon