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David in 2018, qantas reported a profit of 1. 2 u. S. , its largest ever. Shareholders were awarded with buybacks and dividends of 360 million, while employees were showered with 50 million of bonuses. That was a far cry from the 2. 7 billion loss announced in 2014. There is no doubt. Todays numbers represent the year that has passed that we have now come through the worst. Alan how do you do . Nice to meet you. Welcome to qantas. David tell me about the turnaround. How did the plan evolve . Alan we had probably the perfect storm there around 2013. The conditions are important because we had high oil prices. They reached over 4 billion, the highest we have seen. We have simultaneously tried to take massive market share and being funded by a number of foreign airlines, extensively funded. We also had, because of a very high aussie dollar, a lot of International Carriers flying into australia. It was a perfect storm in all of our businesses. David joyce announced a 2 billion costcutting

New yorkUnited statesUnited arab emiratesNew south walesWestern australiaCity ofUnited kingdomAlan dickinsonAlan joyceJacqui scottJay powellHigh oilMarket shareInternational carriersHeritage collectionWorld war