QANTAS Airways (Sydney) has issued this statement about the Opening Series of Major League Baseball in Sydney, Australia between the Los Angeles Dodgers and the Arizona Diamondbacks:

Major League Baseball teams, the Los Angeles Dodgers and Arizona Diamondbacks, will arrive in Australia tomorrow morning (March 17) onboard QANTAS Airways for the MLB Opening Series in Sydney.

The MLB Opening Series will be hosted at the Sydney Cricket Ground from March 20-23, aimed at boosting local interest in the sport and profiling Australia to a global audience as it plays host to the event.

Two QANTAS Boeing 747s will depart Phoenix, Arizona and touch down at Sydney International Airport, each carrying approximately 200 passengers including players and management from each team.

Each aircraft is painted in a special livery in support of the Opening Series and each seat headrest cover has been personalized with the team’s logos. Customized US-style menus featuring the teams’ favorite dishes are also onboard.

QANTAS CEO International Simon Hickey said QANTAS was a proud Major Sponsor and Official Airline of the 2014 Opening Series.

“QANTAS is proud to sponsor the MLB Opening Series, which will generate significant brand awareness for the airline in the US with each game expected to be viewed by more than 160 million households,” said Mr Hickey.

“This sponsorship follows a suite of activities to market Australia and QANTAS to the US. In 2012 QANTAS hosted Oprah to Australia and The Ellen de Generes Show in 2013, and last month the cast of Modern Family to film their holiday episode.”

The down-under celebration of baseball will feature the Team Australia Challenge, with Australia’s best home grown talent set to take on the LA Dodgers on Thursday March 20 and Arizona Diamondbacks on Friday March 21. The LA Dodgers will play the Arizona Diamondbacks on Saturday March 22 and Sunday March 23.

Fans at the game can be part of the excitement by keeping their eye out for the QANTAS Kiss Cam. The games will be broadcast to audiences around the world including Australia, the USA, Japan, Korea, China and Taiwan.

QANTAS Airways is a major sponsor and the official airline of the 2014 Opening Series.

Copyright Photo: QANTAS Airways. Boeing 747-438 ER VH-OEH (msn 32912) is one of two 747s to wear this special MLB emblem during the series in Australia.

QANTAS Airways: 

QANTAS Airways (Sydney) has issued this “Questions and Answers” statement concerning industry rumors about the carrier:

CLAIM: Qantas aircraft are less safe when serviced at overseas heavy maintenance facilities.

FACT: This is not true. The aviation industry is one of the most highly regulated industries in the world. All maintenance on Australian aircraft needs to be conducted at facilities approved by Australia’s aviation safety regulator, CASA.

The union’s claims are actually more than 10 years old. They have already been investigated by Qantas and CASA, and the facilities continue to be approved by CASA and used by the world’s leading airlines.

This particular union has repeatedly played the safety card against Qantas and was found in the Federal Court to be using safety claims to pursue industrial issues.

The majority of Qantas’ maintenance is done in Australia. Our A380s and B747s have their heavy maintenance conducted overseas at world-class heavy maintenance facilities. Regardless of geography, all our maintenance is done at facilities approved by CASA and to Qantas’ high standards.

As with all elements of aviation, there are multiple fail-safes to account for the very small amount of human error that may occur – so suggesting any mistake is a potential catastrophe is alarmist and disingenuous.

CLAIM: Qantas does not have oversight of the maintenance conducted at overseas facilities.

FACT: Qantas sends teams of employees from our Engineering division to oversee heavy maintenance conducted outside of Australia, including senior managers and support staff. The senior manager is often an experienced Licenced Aircraft Maintenance Engineer.

All maintenance on Qantas aircraft that is conducted at overseas facilities is done to Qantas’ high standards and at facilities approved by CASA.

CLAIM: The safety of a Qantas Aircraft was jeopardised by maintenance conducted in Hong Kong in 2008 with engine the engine not bolted on correctly.

FACT: Qantas disputes the union’s interpretation of this incident and categorically rejects suggestions that the safety of the aircraft was at risk as a result of what was a minor maintenance issue.

Firstly the issues relate to washers – not bolts. One engine had three of the eight washers installed upside down. Two engines had one washer installed instead of two on the bolts. (Note – Boeing recommends only one washer to be used.)

While this was not in strictly keeping with Qantas maintenance manual, it had no bearing on the safety of the aircraft at all. This was looked at by CASA at the time and found no need to investigate further.

The claim that the engines could have fallen off the aircraft during the flight as a consequence is false and alarmist.

CLAIM: Qantas executives have enjoyed massive pay increases, taking executive packages to a ratio of 140:1 to Qantas worker’s wages.

FACT: Qantas executives have not had ‘massive pay increases’. In fact, executive pay has decreased since 2010. Alan Joyce will take home 36 per cent less this year compared to last year and there is currently a bonus and pay freeze in place for executives and all employees. The Qantas Board has also taken a reduction in fees.

Qantas is not aware how the union came up with the 140:1 ratio, however it is incorrect.

CLAIM: Half of Qantas workers earn less than $50,000 a year.

FACT: The claim that half of Qantas employees earn less than $50,000 a year is completely false. Less than 10 per cent of Qantas employees earn less than $50,000 and this includes both full time and part time employees. The majority of part time workers also earn more than $50,000 a year.

CLAIM: Hangar 245 in Sydney was vacated in 2006 and has been empty ever since.

FACT: This is not true. We have invested millions of dollars upgrading the hangar and it is currently being used by our line maintenance engineers.

Copyright Photo: John Adlard/AirlinersGallery.com. Boeing 737-838 VH-XZJ (msn 39365) in the Mendoowoorrji special livery taxies at the Sydney hub.

QANTAS Airways: 

QANTAS Airways (Sydney) has announced that its Dallas/Fort Worth (DFW) to Sydney service will be served with the Airbus A380 superjumbo aircraft starting on September 29. The upgrade to the Airbus A380 will mean that the longest scheduled commercial flight in the world will now be served by the largest passenger jet in the world.

Given the additional range of the A380, the QANTAS DFW to Australia service will now operate nonstop to Sydney rather than via Brisbane. The new A380 service will operate six flights per week between Dallas/Fort Worth and Sydney (every day except Tuesdays), representing a net increase of seats on the route by 10 percent per week.

The announcement means DFW will host Airbus A380 flights from two carriers, the other being Emirates Airline, starting in the fall. Those aircraft will utilize two gates, D15 and D16, and will be served utilizing three passenger jet bridges.

DFW Airport is currently finalizing preparations for the arrival of the A380 with the construction of a second level jet bridge in Terminal D and modifications to the airfield, ramps and taxiways. Terminal D opened in 2005 with A380 capabilities already built into its design, so the final additions to make DFW ready for the A380 are relatively minor.

DFW offers nonstop service to 56 international destinations and 147 cities in the U.S. with every major city in the U.S., Canada and Mexico within a four-hour flight. For Qantas customers, DFW provides the best routing to more than 100 destinations in the United States, Canada and Mexico.

Copyright Photo: John Adlard/AirlinersGallery.com. Airbus A380-842 VH-OQA (msn 014) taxies at Sydney.

QANTAS Airways: 

QANTAS Airways (Sydney) is celebrating the 60th anniversary of its first trans-Pacific services to the USA.

On May 15, 1954, a 60-passenger QANTAS Airways Lockheed 1049C Super Constellation aircraft departed Sydney for San Francisco and Vancouver. The journey to San Francisco took around 30 flying hours and involved fuel stops at Fiji, Canton Island and Hawaii.

QANTAS named this the Southern Cross Route in honor of Sir Charles Kingsford Smith and his crew who made the first flight in 1928.

QANTAS International CEO Simon Hickey said the sixty year milestone highlighted Qantas’ ongoing commitment to the USA.

“QANTAS is proud of its flying history to the US. Some of our most historic moments have been on the trans-Pacific route including the start of the jet age in 1959 with our first Boeing 707 services and introducing the largest commercial passenger aircraft, the Airbus A380, on the route in 2008,” said Mr Hickey.

“The milestone comes in a year where QANTAS is investing significantly in the customer experience to the US, including the opening of our new First and Business Lounges in Los Angeles and the introduction of A380 services between Sydney and Dallas/Ft. Worth from September.

The airline first established itself in North America in San Francisco in 1954, when it took over the operations of British Commonwealth Pacific Airline in September 1947.

This year also marks thirty years since QANTAS Airways began nonstop flights between Sydney, Melbourne and Los Angeles beginning in April 1984. These services were operated by the long-range Boeing 747SP (above) with a flying time of around 16 hours. Today, the flying time is around 13 hours.

QANTAS is the only carrier to operate A380 services between the US and Australia.

QANTAS flights to the USA include:

Direct daily Airbus A380 services from Sydney and Melbourne to Los Angeles

A daily Boeing 747-400 service from Sydney to New York via Los Angeles

A direct daily Boeing 747-400 service from Brisbane to Los Angeles

Three Boeing 767-300 services per week between Sydney and Honolulu and;

A daily Boeing 747-400 from Sydney to Dallas/Fort Worth, which will move to a six per week Airbus A380 service from September 29.

Copyright Photo: QANTAS Airways. The pictured Boeing 747SP-38 (Special Performance) VH-EAA (msn 22495) was handed over to QANTAS on January 19, 1981. VH-EAA is pictured over the Cascade Mountains in Washington State in the original 1970 color scheme.

QANTAS Airways: 

QANTAS Airways (Sydney) flight QF 94 returned to Los Angeles early this morning at 2:39 am after a water pipe burst on the Melbourne, Australia-bound Airbus A380 flooding parts of the cabin. One Twitter report from a passenger described the leak as a “river of water running down the aisles”.

Read the report from NBC Los Angeles: CLICK HERE

QANTAS issued this statement:

A flight from Los Angeles to Melbourne has returned to LA about an hour after take off as there was a water leak on board the aircraft. Crew on board did everything they could to help customers, including moving them to unaffected areas and providing spare blankets so they could stay dry.

We’re also providing customers with hotel accommodation while the issue is being fixed by our engineers in Los Angeles. We apologise to customers for the inconvenience. There were no safety of flight concerns with the water leak, however the Captain decided to return to LA in the interests of passenger comfort. We are liaising with Airbus to understand what caused this fault.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A380-842 VH-OQD (msn 026) lands at Los Angeles International Airport.

QANTAS Airways: 

QANTAS Airways (Sydney) will refurbish its fleet of 67 Boeing 737-800 aircraft, providing customers with a greater level of comfort and enhanced in-flight entertainment options.

The upgrade will commence in mid-2015 and be completed within 12 months.

According to the airline, “29 of our latest 737-800 aircraft already have full seat back video on demand in-flight entertainment for each passenger, the refurbishment will see wireless Q-streaming entertainment installed on the 38 remaining 737-800 aircraft to supplement the screens that fold down from the ceiling.”

QANTAS has 67 Boeing 737-800s in its domestic fleet, and will receive four new aircraft by December. Earlier this year the last of the older Boeing 737-400s was retired. The average age of the QF Boeing 737-800’s is 6.7 years.

The installation of QStreaming on the Boeing 737s is part of a broader overhaul of QANTAS’ in-flight entertainment offering, including 100 more hours of content per month, and the introduction of Sky News, Foxtel and Fox Sports for inflight news and additional programming.

Copyright Photo: Joe G. Walker/AirlinersGallery.com. Boeing 737-838 VH-VZL (msn 34194) was delivered on April 22, 2011.

QANTAS Airways: 

Lufthansa Group (Lufthansa) (Frankfurt) is not flying over Iraq through today. The Group issued this statement:

After renewed consultation, the Lufthansa Group has decided effective immediately not to fly over Iraq until and including Sunday. This includes flights to Erbil in northern Iraq for this time period. Normally, Lufthansa flies twice weekly to Erbil and Austrian Airlines operates a daily flight. The company is also in regular and close contact with the responsible security authorities in Iraq regarding flight safety. Based on our own evaluations there is currently no danger in flying over Iraq or for Lufthansa and Austrian Airlines flights to the north Iraq city of Erbil. Nevertheless and as a precautionary measure the Lufthansa Group has decided to avoid Iraqi air space effective immediately and including Sunday. The reason for this is that the background of the decision made by some aviation authorities is not clear yet and needs a comprehensive evaluation. With this step the company carries the growing uncertainty of customers and crew members that results from the different evaluations of aviation officials. Lufthansa regrets the resulting inconvenience for its customers. However, the safety and security of its passengers is the highest priority of the company. The changed flight routes apply to all group airlines. In addition to Lufthansa, this includes Lufthansa Cargo, Austrian Airlines and Swiss. By avoiding Iraqi air space flight times will not significantly increase.

Meanwhile QANTAS Airways issued this statement about Iraqi airspace:

Qantas has closely monitored the issue of flight paths over conflict zones, particularly in light of the MH 17 tragedy, with safety our first priority.

We have no new information that alters our safety assessment of flying over Iraq, especially given the altitudes we maintain over this region.

However, given the various restrictions imposed by different governments in the past 24 hours, including by the United States’ FAA, QANTAS temporarily rerouted its flights within the Middle East to avoid Iraqi airspace. This change will apply until further information becomes available.

The flight path adjustment applies to services between Dubai and London, and is not expected to significantly increase flight times on this route.

We will continue to assess this situation and make any further amends we think are prudent.

In addition, Royal Jordanian suspended all flights to Baghdad for at least 24 hours on security grounds yesterday according to Reuters.

Copyright Photo: TMK Photography/AirlinersGallery.com. Airbus A330-343 D-AIKE (msn 636) departs from Toronto (Pearson).

Lufthansa: 

QANTAS Airways (Sydney) has unveiled a new Aboriginal and Torres Strait Islander special color scheme on Bombardier DHC-8-402 (Q400) VH-LQM (msn 4450) operated by QANTAS Link partner Sunstate Airlines: QANTAS issued this statement and photos:

QANTAS has joined the movement to recognise Aboriginal and Torres Strait Islander peoples in the Australian Constitution by unveiling a new QANTAS Link Q400 aircraft showcasing a large RECOGNISE logo on its livery.

In addition to the aircraft livery unveiled at today’s event, QANTAS Link will soon embark on displaying a smaller version of the RECOGNISE logo on its entire fleet of 31 Q400 aircraft, ensuring the message is spread across the country.

About RECOGNISE

RECOGNISE is the movement of Australians campaigning for the recognition of Aboriginal and Torres Strait Islander peoples in the Australian Constitution and to ensure there is no place for discrimination in our founding document. The movement has wide support from across the political spectrum and in the Australian community from grassroots supporters and many major institutions, non-government organisations, companies, sporting codes and faith groups.

About QANTAS’ commitment to Aboriginal and Torres Strait Islander Australians:

QANTAS has a longstanding commitment to value Aboriginal and Torres Strait Islander heritage, cultures and peoples and to recognise the original custodians of Australia. A Reconciliation Action Plan has been in place since 2007 and QANTAS currently holds partnerships with the National Centre of Indigenous Excellence, Career Trackers, Bangarra Dance Theatre, Clontarf, the Indigenous Marathon Project, Supply Nation, Engineering Aid Australia, Jawun, Lirrwi Yolngu Tourism Aboriginal Corporation, the Yothu Yindi Foundation, the Australian Indigenous Education Foundation and RECOGNISE.

Copyright Photos: QANTAS Airways.

QANTAS Airways: 

QANTAS Airways (Sydney) will boost services between Melbourne and Los Angeles, and between Sydney and Santiago, from early 2015, and introduce a new schedule providing the flexibility of morning, midday and evening departures between Australia and the US.

From January 21, 2015, QANTAS will increase its Melbourne to Los Angeles service from a daily service to ten per week and from February 20 will increase its Sydney to Santiago service from three to four per week.

The new services are the result of some schedule adjustments across the Pacific allowing for increased Boeing 747-400 flying time, one of the key elements of the QANTAS Transformation Program announced earlier this year.

“As part of our strategy to build a stronger QANTAS, we’ve introduced a new approach to aircraft utilization so we can take advantage of opportunities in the market. It means adjusting our schedules across the network to ensure our fleet spend less time on the ground and more time in the air, as we have done with our new Airbus A380 Dallas/Fort Worth service starting next month,” added Mr Hickey.

“This new schedule also builds on 25 supplementary services to the US and South America over the Christmas holiday period. The new schedule also enhances connections for our customers right across the US,” added Mr Hickey.

Customers connecting through to destinations across central and eastern parts of the United States will now have three options from Sydney – a morning and evening service to Los Angeles, and afternoon service to Dallas/Fort Worth.

“We recently announced new codeshare services with our partner LAN from Santiago to six destinations across South America and will now operate A380 services to both Dallas/Fort Worth and Los Angeles, connecting with codeshare partner American Airlines to more than 100 destinations across North America.

Adjustments will be made to the timing of some of our flights across the Pacific in order to facilitate the improved schedule options for our customers.

Fleet and network adjustments are earmarked to save up to $600 million over three years for the QANTAS Group from the overall $2 billion cost reduction target that is at the centre of the airline’s turnaround plans. Increased aircraft utilisation and accelerated retirement of older, non-reconfigured Boeing 747s form part of this.

These changes come in a year of the 60th anniversary of QANTAS services to the US. In 1954, QANTAS operated a Lockheed Super Constellation from Sydney to San Francisco – its first trans-Pacific route to North America.

Summary of Schedule and Network Changes:

Copyright Photo: Richard Vandervord/AirlinersGallery.com. The Boeing 747-400 is gradually leaving the QANTAS passenger fleet. Boeing 747-438 VH-OJS (man 25564) in the special Socceroos color scheme arrives in London (Heathrow).

QANTAS Airways: 

QANTAS Airways (Sydney) today issued this statement:

From tomorrow afternoon QANTAS customers will be able to use their personal electronic devices such as smart phones, tablets and music players in flight mode, for the duration of each flight, providing uninterrupted access to work and entertainment.

QANTAS was approved to revise its personal electronic device policy by the Civil Aviation Safety Authority today following new guidance on the safe use of personal electronic devices inflight.

Advice for customers:

Devices can be used whether passengers are boarding via aerobridge or transiting across tarmac.

Once aircraft doors are closed for departure, devices will need to be in ‘flight mode’.

Customers are required to secure handheld devices by holding them or placing them in a seat pocket during taxi, take-off and landing. Larger items such as laptops will still need to be stowed.

Customers are still required to listen to all inflight safety briefings and comply with cabin crew instructions.

Mobile and smart phones will still not be able to be used to make calls or send texts from the air.

QANTAS plans to lift restrictions on electronic devices across the entire QANTAS Group for regional, domestic and international flights.

QANTAS Link and Jetstar Airways are in the final stages of preparing their submission to CASA for the extended use of personal electronic devices.

The changes to CASA’s ruling on personal electronic devices inflight follows an announcement by the United States’ Federal Aviation Administration (FAA) in October last year that it would allow passengers to leave their electronic devices on through all phases of flight if individual airlines could prove that it did not interfere with the operation of the aircraft.

Experts from airlines, aircraft manufacturers, passenger groups, pilot associations, flight attendants, and mobile services have since been investigating the impact of personal electronic devices inflight.

Until today, devices in Australia were required to remain off until the seatbelt sign turned off, meaning passengers were unable to use them while the aircraft was taxiing to the runway or through much of the climb or descent.

In addition, QANTAS is working towards enabling customers to use their own devices to access 350 hours of on-demand entertainment from gate to gate on selected Domestic and International aircraft. Initially this functionality would encompass Apple devices including iPads and iPhones, followed by laptops and Android devices at a later stage.

Customers would only need to download a Q Streaming app to their device, or connect via their browser to the Q Streaming Inflight Entertainment network to access movies, TV shows and music. Qantas will continue to offer complimentary tablets for customers to access Q Streaming on a number of aircraft types.

The new policy will apply to all QANTAS Domestic and QANTAS International flights from 3:00pm tomorrow (August 26).

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-838 VH-VXS (msn 33725) prepares to taxi from the gate at Denpasar on the island of Bali, Indonesia.

QANTAS Airways: 

QANTAS Group (Jetstar Airways and QANTAS Airways) (Sydney) is changing its corporate organization in the wake of a large (record) financial loss of A$2.8 billion ($2.6 billion) for its fiscal year. The company hopes to attract new foreign investors with these changes.

The main changes is the creation of a holding company that will manage separate domestic and international divisions.

The company also performed a major write down of the value of its aircraft due to currency fluctuations in the past when the aircraft were purchased.

The company issued this full financial report (all figures are in Australian dollars) and its fleet plans.

QANTAS Group has announced an Underlying Loss Before Tax of $646 million and a Statutory Loss After Tax of $2.8 billion for the 12 months ended 30 June 2014.

The Underlying PBT result was driven by the cumulative impact of two years of industry capacity growth ahead of demand, leading to a $566 million decline in FY14 revenue, and by record Australian dollar fuel costs of $4.5 billion – up $253 million from FY13.

In response, QANTAS is driving an earnings recovery and de-leveraging the Group’s balance sheet to shape a profitable future and build long-term shareholder value.

The $2 billion accelerated QANTAS Transformation program announced in February is permanently reducing costs and laying the foundations for sustainable growth in earnings.

Transformation benefits totalled $440 million in FY14, including $204 million of second-half benefits from the accelerated QANTAS Transformation program.

A further $900 million of accelerated transformation projects are in the implementation phase, with more than $600 million of benefits from these projects to be realised in FY15.

To date, projects equivalent to more than half the $2 billion target have been delivered or are underway.

Unit costs were reduced by 3 per cent over the year, accelerating from a 2 per cent reduction in the first half to a 4 per cent reduction in the second half.

QANTAS CEO Alan Joyce said the underlying result had been foreshadowed at the Group’s half-year announcement in February.

“There is no doubt today’s numbers are confronting, but they represent the year that is past,” Mr Joyce said.

“We have now come through the worst. With our accelerated QANTAS Transformation program we are already emerging as a leaner, more focused and more sustainable QANTAS Group.

“There is a clear and significant easing of both international and domestic capacity growth, which will stabilise the revenue environment.

“We expect a rapid improvement in the Group’s financial performance – and a return to Underlying PBT profit in the first half of FY15, subject to factors outside our control.”

Significant one-off costs associated with QANTAS Transformation are recognized in the statutory result, including restructuring and redundancies ($428 million) and primarily non-cash costs relating to early aircraft retirements ($394 million). Of the 5,000 redundancies announced in February, 2,500 have been implemented as at August 28.

At the same time as delivering cost reduction, the Group has taken action to adjust its capacity and network in response to shifts in demand and the competitive environment – while retaining flexibility to make further adjustments if required.

International competitor capacity growth is expected to be 2.4 per cent in the first half of FY15 and domestic market capacity growth is expected to be around 1 per cent, significantly below recent trends for both markets.

Financial Position

Group liquidity at June 30 was $3.6 billion, comprising $3 billion in cash – up around $600 million from the half-year – and $630 million in undrawn committed facilities. With operating cash flow of $1.1 billion, the Group was net free cash flow neutral in FY14.

The Group significantly extended its debt maturity profile through two landmark bond issuances totalling $700 million, with no major unsecured refinancing required before April 2016. Net debt including operating lease liability was reduced by $96 million.

Overall capital investment has been reduced to maximise net free cash flow for debt reduction, while the Group has maintained targeted investment in fleet, product and service to sustain brand and yield premiums for Qantas and Jetstar.

Capital investment was $874 million in FY14. Planned capital investment in FY15 has been reduced from $800 million to $700 million, with a forecast of $800m in FY16.

The Group’s average fleet age remains at a 20-year low of 7.7 years, with 35 per cent of the fleet debt-free. Thirty-one new debt-free aircraft have been added since FY10, including seven in FY14.

Outcome of Structural Review

QANTAS today also announced the outcomes of the structural review that commenced in December 2013.

The Group has identified, valued and will continue to assess opportunities to sell non-core assets such as airport terminals, property and land holdings. Any proceeds from such sales will be used to repay debt.

After detailed strategic and structural assessment of QANTAS Loyalty, the decision has been made to retain this highly valuable business within the existing Group structure. It was determined that there was insufficient justification for a partial sale. QANTAS Loyalty continues to offer major profitable growth opportunities.

No new Jetstar ventures will be established while the Group is focused on transformation. Substantial value exists across the Jetstar Group airlines, to be realised over time.

Since 2012, QANTAS’ international and domestic airlines have reported their financial performance as separate segments, to strengthen accountability and performance. Following the partial repeal of the QANTAS Sale Act, the Group will establish a new holding structure and corporate entity for QANTAS International. This decision will create the long term option for QANTAS International to attract external investment and participate in partnership opportunities in the international aviation market, with a view to achieving efficiencies and improved returns to shareholders.

Fleet write down

Under accounting standards, the decision to establish a new holding structure and corporate entity for QANTAS International requires a change to QANTAS’ Cash Generating Units (CGUs) for impairment testing. The previous ‘QANTAS Brands’ CGU has been split into four separate CGUs: QANTAS International, QANTAS Domestic, QANTAS Loyalty and QANTAS Freight.

After being tested on a standalone basis for the first time, the QANTAS International CGU requires a write down of $2.6 billion. The size of the write down is largely due to the historic cost of aircraft purchased with an average exchange rate from Australian dollars to U.S. dollars of $0.68.

This writedown is a non-cash charge, recognised in the statutory result, with no cash impact on the Group’s or QANTAS International’s operations. It is a writedown to the carrying value of aircraft that QANTAS has no intention to sell and intends to retain in its fleet.

Following the write down, the carrying value of QANTAS International aircraft will be more reflective of the current market value of the fleet, and future depreciation expense will be approximately $200 million per year lower as a result of this change.

CEO Comment

Mr Joyce said the Group’s priority now was to push forward with the accelerated QANTAS Transformation program after a positive start.

“After an extremely difficult period, we are focused on building momentum with our turnaround in FY15,” Mr Joyce said.

“Our cash balance and liquidity position is strong, and the Group’s overall financial performance is rapidly improving. We are removing costs to drive earnings growth. And the work we’ve done over recent years to renew our fleet and improve service has been recognised with a string of awards and record customer satisfaction.

“In February we made a deliberate choice to continue investing in core initiatives for customers in order to hold our competitive position, keep our brands strong and maintain a yield premium in a challenging market. As we transform our business at pace, our airlines are providing better service than ever.

“The structural decisions we announce today give the Group maximum scope to attract capital in a fiercely competitive international aviation market. Standing still while the world changes around us is not an option.

“With our structural review complete, we can move forward with certainty.”

Breakdown of Results

QANTAS Domestic

QANTAS Domestic reported Underlying EBIT of $30 million, down from $365 million in FY13.

Group Underlying EBIT, including QANTAS Domestic and Jetstar’s domestic operations, was just below $50 million.

The earnings deterioration in FY14 was a result of market capacity increases ahead of demand, weaker demand in the resources and government sectors, price pressure in all industries, unrecovered carbon tax costs and an unfavourable fuel cost of $68 million.

In this volatile market, QANTAS Domestic’s strategy of maintaining a capacity, frequency and product advantage over the competition saw it remain Australia’s premium carrier of choice.

The airline held an 80 per cent share of the domestic corporate travel market by revenue, including 48 new accounts, eight accounts won back from the competition, 10 accounts lost and 182 accounts renewed.

Comparable unit costs were reduced by 3 per cent as QANTAS Transformation benefits began to flow, helping close the cost gap with the competition.

Both customer satisfaction and customer advocacy were at record levels in FY14, helped by QANTAS Domestic’s consistently superior on-time performance.

QANTAS Domestic was Australia’s most punctual major domestic airline every month in FY14 and, as at June 2014, had led the competition for 18 straight months – a key factor in winning and retaining corporate accounts.

QANTAS International

QANTAS International reported an Underlying EBIT loss of $497 million, compared with a loss of $246 million in FY13.

The business delivered another strong year of cost reduction, cutting comparable unit costs by 4 per cent, and has now realised more than $400 million of transformation benefits over the past two financial years. However, these benefits were offset in FY14 by competitor capacity growth of 9.5 per cent – well above demand – and record fuel costs.

Fuel price and foreign exchange movements hit Qantas International hardest of any of the Group’s businesses, with an impact of $142 million.

Between FY09 and FY14, competitor capacity growth in the Australian international market was 44 per cent, compared with global growth of 29 per cent. Importantly for the Group’s outlook, capacity expansion is now slowing, with expectations for competitor growth of 2.4 per cent in the first half of FY15.

By optimizing its network and fleet, including the retirement of older Boeing 747s, QANTAS International is cutting unit costs while improving the travel experience for customers. Retiming the QF9/10 services to Dubai and London, for example, has freed up an A380 to operate on the popular Dallas/Fort Worth route and will lead to a significant increase in asset utilization.

Customer satisfaction reached record levels in FY14 and customer advocacy was a record for the year. New lounges were opened in Singapore, Hong Kong and Los Angeles, while new and expanded codeshare agreements were struck with China Southern, LAN Airlines and Bangkok Airways.

These agreements complement the ground-breaking QANTAS-Emirates partnership launched in FY13. The Dubai route continues to receive the highest customer satisfaction anywhere on the QANTAS International network, with more than 2 million QANTAS customers having already travelled through the hub since the partnership was launched.

QANTAS International now offers its biggest ever global network, with 1,200 destinations available with Qantas and its partner airlines.

Jetstar Group

The Jetstar Group reported an Underlying EBIT loss of $116 million, down from Underlying EBIT of $138 million in FY13.

Controllable unit costs were reduced by 2 per cent. However, these gains were offset by an unfavourable fuel cost of $86 million, a yield decline of $113 million across the highly competitive South East Asian and Australian markets and an increase in associate start-up losses of $20 million. Total associate start-up losses in Asia were $70 million due primarily to the rapid expansion of Jetstar Japan as it consolidates its leading LCC position in the Japanese domestic market.

Jetstar’s domestic business in Australia remained profitable – as it has been every year since launch in 2004 – and continued to play its part in the Group’s successful two-brand strategy.

Customer satisfaction remains at record levels in Jetstar Airways’ domestic and international operations, helped by continued improvement in on-time-performance and the introduction of the Dreamliner on key international routes, including Bali, Phuket and Bangkok.

The Jetstar Group airlines in Asia, in which QANTAS is a minority investor, remain focused on distinct market priorities:

Growth at Jetstar Asia has been suspended in a very challenging Singapore market that saw capacity expand by 23 per cent in FY14, but the business made productivity gains, holds a substantial yield premium to its LCC competitors, and is ranked the nation’s leading LCC. Its performance is expected to improve as capacity growth moderates, with market correction already underway.

Jetstar Japan is Japan’s largest and fastest growing LCC, having carried over 5 million passengers since launch and opened a second domestic base in Osaka. The launch of operations from the second base is improving unit cost performance, as a result of increased asset utilisation from the 24-hour airport in Osaka. With LCCs still holding just 6 per cent of the Japanese domestic market, the business has significant growth potential.

Vietnam’s Jetstar Pacific cut unit costs and increased customer advocacy in a high-growth market. The business has completed its recapitalisation, has begun international services and will expand its fleet from 7 to 10 aircraft by December 2014.

The Board and management of Jetstar Hong Kong continue to work with local regulators towards gaining approval to begin operations.

QANTAS Freight

QANTAS Freight reported Underlying EBIT of $24 million, compared with $36 million in FY13.

Earnings were lower as a result of the sale of Star Track Express in FY13, while global air cargo markets remained challenging. However, the integration of Australian air Express with Qantas Freight is now complete and full run-rate benefits began to flow in the second half of FY14.

Outlook

The Group expects a return to an Underlying Profit Before Tax in the first half of FY15, subject to factors outside its control.

This is based on the following expectations:

A target of $300 million of Qantas Transformation benefits to be realised in the first half.

A stabilising operating environment, as market capacity growth subsides.

First half fuel costs in line with the first half of FY14.

The repeal of the carbon tax.

Reduced depreciation costs compared with the first half of FY14.

Fleet Update:

The QANTAS Group provided an update on its fleet and network strategy for FY15 and beyond.

Since FY09, the Group has taken delivery of more than 140 aircraft and retired or returned leases for 80 aircraft, resulting in an average fleet age of 7.7 years – the youngest for two decades and significantly below the average in North America, Europe and the Asia Pacific.

The Group’s focus now is on maximizing the advantages of this young, competitive fleet, and completing the retirement of older aircraft types.

QANTAS CEO Alan Joyce said the Group’s fleet strategy was based on clear, consistent principles:

Increasing fleet utilization in the international and domestic markets.

Putting the right aircraft on the right route.

Offering the best experience in every market for customers.

Realising the cost benefits of new-generation aircraft.

Fleet and Network Changes

Key fleet and network changes completed or announced during FY14 are as follows:

QANTAS International

A more than 5 per cent increase in asset utilization by QANTAS International, including the retime of Melbourne-Dubai-London services and allocation of an Airbus A380 to the Dallas/Fort Worth route from September 2014.

Gradual replacement of Boeing 747s with A330s on routes to Asia, with all Sydney-Singapore and Brisbane-Singapore services to be operated by A330s by the end of September 2014.

Early retirement of four Boeing 747-400s, as the Group works towards the retirement of all non-reconfigured Boeing 747-400s by early 2016. This will leave nine, newer Boeing 747-400s fitted with A380-standard interiors.

Four Boeing 787-8s delivered to Jetstar, allowing the transfer of three A330-200s from Jetstar to QANTAS Domestic.

QANTAS Domestic

Planning for a reduction in average ‘turn time’ for QANTAS Domestic aircraft to increase utilization, to be implemented during FY15.

The announcement that all the Group’s Boeing 737-800s will be refurbished from mid-2015, expanding total Boeing 737-800 capacity by 3 per cent, along with improvements to inflight entertainment systems.

Retirement of all older Boeing 737-400s (completed in February 2014).

Early retirement of seven Boeing 767-300s, with all aircraft of this type to go by the end of 2014. Current fleet size is 10 aircraft.

More targeted use of QANTAS Domestic’s bigger A330-200s to reflect demand, with a focus on East-West routes to Perth and peak East Coast services.

All of Network Aviation’s seven Brasilia turboprop aircraft have been retired (effective August 2014).

Network aviation now has a single fleet of 12 Fokker F100 jets.

Fleet Renewal and Simplification

In FY14 the Group took delivery of 23 new aircraft, retired 19 older aircraft and returned eight leases.

Under current plans for FY15 the Group will receive 10 new aircraft, retire 18 aircraft and return two leases.

As a result of ongoing fleet retirements and simplification, the Group’s mainline fleet will be reduced from 11 different types in FY13 to seven different types in FY16.

Restructured Order Book

The Group announced in February that more than 50 aircraft on order would be deferred or sold to reflect more efficient fleet utilization and slower capacity growth.

In light of the more subdued domestic capacity outlook and shift to more efficient utilization of narrow-body aircraft:

Two QANTAS Boeing 737-800s, including one sourced from the domestic fleet and one from the trans-Tasman fleet, will be sold during FY15.

A decision has been taken not to renew the leases on two QANTAS Domestic A330-200s, meaning these aircraft will leave the fleet in the first half of FY16.

Five Airbus A320ceos on order for Jetstar Airways have been sold, reflecting the more subdued outlook for domestic capacity in FY15.

Two QANTAS Link Bombardier Q300s will be sold during FY15.

In addition:

Orders for 21 Airbus A320ceos have been deferred by four years and converted to orders for 21 of the more-fuel-efficient A320neos, meaning that the Group has orders for a total of 99 A320neos.

The Group has pushed back the first of its 50 Boeing 787 options and purchase rights from 2016 to 2017, in line with the completion of the accelerated QANTAS Transformation plan.

As previously announced, the Group has deferred the final eight Airbus A380s on order for QANTAS International, with an ongoing review of delivery dates to meet potential future requirements.

As previously announced, the Group has deferred the final three of 14 Boeing 787-8s on order for Jetstar.
The Group retains significant flexibility in arrangements with manufacturers and lessors should the competitive environment or capacity forecasts change substantially.

Copyright Photo: John Adlard/AirlinersGallery.com. QANTAS is now planning for an early retirement of seven Boeing 767-300s. All 767s will be gone by the end of 2014. The current 767-300 fleet size is 10 aircraft. Boeing 767-338 ER VH-OGD (msn 24407) arrives at the Sydney hub.

QANTAS Airways: 

Jetstar Airways (Australia): 

QANTAS Airways (Sydney) has announced it will return to Vancouver (last served in January 2008) with twice-weekly Boeing 747-400 flights during the month of January 2015 (January 3-23, 2015).

The airline issued this statement:

QANTAS  announced it will operate six direct return services between Sydney and Vancouver in January 2015 to cater for demand during the peak of the North American winter holiday season.

The Vancouver services follow last week’s announcement of a new codeshare with WestJet, providing new connections.

QANTAS has also announced an increase in services to the US and Santiago from early 2015, and is upgrading its Dallas/Fort Worth service to an Airbus A380.

The services will operate from January 3-22, 2015, departing Sydney on Saturdays and Wednesdays (with same day connections available from the major Australian capital cities), and from Vancouver on Sundays and Thursdays, operated by a three-cabin Boeing 747 aircraft, reconfigured with lie-flat beds in Business Class and the award-winning international Economy seat.* Subject to regulatory approval.

All proposed services are subject to regulatory approval.

Copyright Photo: Jay Selman/AirlinersGallary.com. Boeing 747-438 ER VH-OEH (msn 32912) approaches the runway at John F. Kennedy International Airport (JFK) in New York.

QANTAS Airways: 

AG: 

QANTAS Airways (Sydney) will retire its last Boeing 767 on December 27 per Airline Route and confirmed by the airline. The last flight, flight QH 490, will operate from Melbourne to Sydney. The company retired the type from international service on September 14 when it was replaced on the Honolulu route. The Boeing 767-300 currently only operates on domestic routes.

QANTAS introduced the smaller Boeing 767-200 in 1985. The first 767-238 ER (VH-EAJ) was delivered on July 3, 1985.

The first Boeing 767-338 ER (VH-OGA) was handed over to the company on August 30, 1988.

Copyright Photo: Micheil Keegan/AirlinersGallery.com. Several of the 767s were used for promotional reasons. Boeing 767-338 ER VH-OGG (msn 24929) in 2013 promoted the Disney’s Plane movie. VH-OGG arrives at the Sydney hub.

QANTAS Airways: 

QANTAS Airways (Sydney) customers will now enjoy the luxury of the world’s largest passenger aircraft on the world’s longest route, with nonstop Airbus A380 services between Sydney and Dallas/Fort Worth which was launched on September 28.

QANTAS recently announced increased services to the USA, and will now offer customers 41 services per week to North America. About half of these services are operated by the pictured Airbus A380 aircraft and the other half by Boeing 747-400s with A380-style interiors.

Copyright Photo: QANTAS Airways. The First Class Suite.

The new Airbus A380 service is the result of several scheduling changes designed to unlock more flying time of the QANTAS fleet, as part of the wider Qantas Transformation program.

Copyright Photo: QANTAS Airways. Business Class cabin.

QANTAS will operate the new Airbus A380 service six times per week (every day except Tuesdays). Flight QF 7 will depart Sydney at 1310 and arrive at DFW International Airport at 1345 local time (the same day).

The return flight QF 8, will depart DFW at 2215 local time and arrive in Sydney at 0605 two days later (due to an evening departure and the international dateline). Flying time from Sydney to DFW is around 14 hours 50 minutes, and flying time from DFW to Sydney is around 15 hours 30 minutes.

Copyright Photo: QANTAS Airways. The Economy Class cabin.

Through its codeshare partnership with American Airlines, QANTAS offers onward connections to more than 100 destinations across the USA, with more than 50 of those from Dallas/Fort Worth including Orlando, Boston, Houston, Chicago, Las Vegas, Miami, New Orleans, New York, Washington, Toronto, Vancouver, Cancun and Mexico City.

This new service comes in the 60th anniversary year of QANTAS services between Australia and the USA. In 1954, QANTAS operated a Lockheed Super Constellation from Sydney to San Francisco – its first trans-Pacific route to North America.

Copyright Photo: QANTAS Airways.

SPECIAL LIVERY:

To celebrate the milestone, QANTAS painted its Airbus A380-842 VH-OQL (msn 074) operating the route with a special livery; the kangaroo on the tail (above) features a traditional Stetson hat with a neckerchief in the American-stars print, with a “G’Day Texas” emblem next to the forward doors.

QANTAS Ambassador John Travolta was at Dallas-Fort Worth International Airport to greet the inaugural Airbus A380 service from Sydney and said he was proud to help promote the new service (below).

“I’m thrilled to be part of this special and historic moment for QANTAS. It’s exciting news for Americans that the world’s biggest and one of the most luxurious passenger aircrafts is now flying between Dallas/Fort Worth and Sydney,” said Mr Travolta.

Top Copyright Photo: Antony J. Best/AirlinersGallery.com. Airbus A380-842 VH-OQD (msn 026) climbs away from London (Heathrow).

QANTAS Airways: 

Video:

QANTAS Airways (Sydney) is going to introduce a retrojet in November with the delivery of its 75th Boeing 737-800 (VH-XZP). The airline issued this statement:

For the first time in QANTAS’ 94 year history, the airline will introduce a “retro” livery on one of its brand new Boeing 737 aircraft as a flying tribute to 70 years of its iconic kangaroo logo.

The original kangaroo symbol, that was adapted from the Australian one penny coin, was initially painted beneath the cockpit of QANTAS’ first Liberator aircraft G-AGKT in 1944 following the airline’s decision to name its Indian Ocean passage the Kangaroo Service.

Group Executive for Brand, Marketing and Corporate Affairs, Olivia Wirth said the kangaroo that now features on the tail of every single QANTAS aircraft is well and truly part of the Australian story.

“For 70 years the flying kangaroo has been a symbol of aviation innovation around the world, driving higher standards in safety, technology, product and service,” said Ms Wirth.

“Our kangaroo logo represents our proud history, inextricably linked with the development of commercial aviation in Australia. It has also become a symbol of ‘home’ to Australians travelling both here and abroad.

“A retro livery is the perfect tribute to our iconic flying kangaroo logo and its 70th anniversary. While it serves as a nod to our heritage, having it fly on one of our brand new Boeing 737-800s highlights our commitment to being an aviation innovator when it comes to new aircraft and modern technology.

“QANTAS has flown under many liveries throughout its 94 year history and I know this historic design will bring back a lot of memories for many of our customers who have chosen to fly with us over the years.”

QANTAS will take delivery of its new Boeing 737-800 from the Boeing Factory in Seattle in late November. It will be the 75th Boeing 737-800 to join the QANTAS fleet.

Copyright Photo: Jacques Guillem Collection/AirlinersGallery.com. QANTAS Airways’ Lockheed 188C Electra VH-ECD (msn 2008) shows a smaller kangaroo logo on the tail portraying the basic 1959 modified livery that was introduced with the Lockheed Electras.

History of the flying kangaroo:

The original Kangaroo symbol appearing on QANTAS aircraft was adapted from the Australian one penny coin.

1944 – The kangaroo was first painted beneath the cockpit of QANTAS’ (Queensland and Northern Territory Aerial Services) first Liberator aircraft G-AGKT, following QANTAS’ decision to name its Indian Ocean passage the Kangaroo Service. The symbol featured on all later aircraft.

1947 – The winged kangaroo symbol was created for the introduction of QANTAS’ Lockheed 749 Constellations. They were the first QANTAS aircraft to carry the Flying Kangaroo and the first to operate right through to London with QANTAS crews. The Flying Kangaroo was later placed in a circle in 1968.

1984 – The Flying Kangaroo lost its wings once again in an updated logo and was refined to a more slender, stylized presentation.

1995 – A logo created for the airline’s 75th anniversary year was added to all QANTAS jet aircraft. It brought together the Flying Kangaroo symbol and the words ’75 years’ to mark QANTAS’ contribution to civil aviation.

2007 – QANTAS unveiled a new interpretation of its iconic logo, designed to reflect the changing structure of the airline’s new generation aircraft, and keeping with Qantas’ increasing focus on contemporary design for its in-flight and on-the-ground products.

QANTAS Airways: 

A history of the QANTAS logos:

QANTAS Airways (Sydney) has unveiled and introduced its new Airbus A330 international Business Class product. The airline issued this statement and photos:

QANTAS customers are set to enjoy a new standard of luxury on international flights to Asia, Hawaii and key domestic routes, with the airline unveiling the final design of new Business Suites to feature on its A330 fleet, to be progressively introduced from later this year.

Designed in collaboration with Marc Newson, the new Business Suite will be available on all 28 of QANTAS’ A330 aircraft, offering the world’s first seats to allow customers to recline in their seat from take-off through to landing.* The Suites also offer fully-flat beds and direct aisle access for every Business Class passenger in a 1-2-1 layout.

The Vantage XL seat, manufactured by Thompson Aero Seating, was developed and customised extensively by Qantas after ergonomic trials and inflight monitoring with a panel of experts and ongoing feedback from customers.

The Economy cabins on all international A330s will be fitted with a next-generation model of the award-winning Recaro seat (above), an earlier version of which has been extremely popular with QANTAS customers on the Airbus A380 and refurbished Boeing 747 aircraft. Economy seats on the A330-200s for QANTAS Domestic will also be refreshed.

Customers in both cabins on the international A330 aircraft will be able to enjoy the latest Panasonic eX3 inflight entertainment system, with larger seatback touchscreens in addition to Q Streaming technology, enabling them to stream content from an extensive entertainment library directly to their own devices.

Domestic Business Class customers on A330 aircraft will also enjoy the same Panasonic eX3 system, while Economy customers will have an individual inflight entertainment experience through either seatback touchscreens or devices provided by QANTAS in every seat.

The work to refresh the aircraft interiors – which will take about one month for each – will start at QANTAS’ heavy maintenance facility in Brisbane next month. The first of the domestic refurbished A330 aircraft will take to the skies in late December from the east coast to Perth, and the first international A330 will commence flying in January 2015.

International and domestic routes currently serviced by QANTAS A330s:

· Sydney-Melbourne

· Sydney-Brisbane

· Sydney/Melbourne/Brisbane to Perth

· Sydney/Melbourne/Brisbane to Singapore

· Melbourne/Brisbane to Hong Kong

· Sydney-Bangkok

· Sydney-Jakarta

· Sydney-Manila

· Sydney-Honolulu

· Sydney-Shanghai

* Subject to final CASA certification.

Business Suites and Panasonic eX3 entertainment systems to be progressively introduced on A330 aircraft from December 2014.

QANTAS Airways: 

Video:

QANTAS Airways (Sydney) has implemented its new and improved inflight entertainment program giving customers more choice and variety and more regular and in-depth news coverage as a result of its new partnership with Sky News, Foxtel and Fox Sports.

QANTAS customers will be able to view a complete package of news, sport, entertainment and lifestyle programs with the partnership marking the start of a comprehensive transformation of Qantas’ inflight entertainment programming.

QANTAS is the only Australian airline to give its customers an inflight entertainment solution on every aircraft no matter what cabin they are traveling in.

New inflight entertainment features:

More news – QANTAS customers will enjoy multiple daily news bulletins on international and domestic flights seven days a week.

More exposure – A new international Australian news service called Australia Channel will broadcast live to Qantas’ international network of lounges so customers returning home will be able to watch the latest news, sport and business updates from Australia. Domestic customers will also enjoy this service.

More sport – Fox Sports content will be on offer for customers including highlights packages, interviews and documentaries.

More variety – A Foxtel Picks channel will showcase a library of lifestyle, drama, food, sport and entertainment programming from the likes of The Lifestyle Channel, Fox8, Showcase, the History Channel and Comedy Channel.

More content – Customers can expect more volume in popular categories including double the number of new releases and blockbusters, kid’s and drama content. Four times more business programming.

More music – Customers can now listen to a greater selection of music with triple the number of albums added each quarter.

QANTAS has also engaged Stellar Entertainment, a full-service content service provider, offering world-class IFE. The partnership has already seen QANTAS double its number of new releases and blockbusters, adding 100 hours of additional content.

Bottom Copyright Photo: SPA/AirlinersGallery.com. Airbus A380-842 VH-OQC (msn 022) arrives in London (Heathrow).

QANTAS Airways aircraft slide show: 

QANTAS Airways (Sydney) is awaiting delivery of its new Boeing 737-838 VH-XZP (msn 44577) which has been painted in a retro livery. The 1970 retro livery will be formally unveiled on November 16. VH-XZP is the company’s 75th Boeing 737-800. The 737 is scheduled to depart from the Seattle area on November 17 on delivery and will arrive on November 19 in Australia.

In other news, QANTAS has unveiled a new brand advertising campaign, based on a concept of what the national carrier has been doing for almost 100 years – bringing people home.

QANTAS celebrates its 94th year of operation this month. In the same month, QANTAS will also celebrate the 70th year of the QANTAS kangaroo logo.

The ‘Feels Like Home’ series tells the real stories of five QANTAS passengers and their journey home to Australia being welcomed at the airport by loved ones.

Filmed in London, Santiago, Los Angeles, Hong Kong, the Pilbara and Sydney, the series features QANTAS employees as well as customers and rolled out from Sunday November 9.

QANTAS Group CEO Alan Joyce said the campaign was designed to celebrate the unique place Qantas has in the lives of many Australians.

Finally, QANTAS Airways will operate its last Boeing 767-300 flight on December 27, 2014 from Melbourne as flight QF 452 per Airline Route.

Copyright Photo: Keith Burton/AirlinersGallery.com. Boeing 767-338 ER VH-OGQ (msn 28154) climbs away from the Sydney hub.

QANTAS Aircraft Slide Show: 

Video: As mentioned above, QANTAS is phasing out its aging Boeing 767-300s. Follow one 767 to Victorville, California for storage and final disposition: