Ann: Network Review , page-2

Changes seem to make intuitive sense, with a stronger emphasis on having three core businesses running domestic, international short-haul & international long haul respectively.

- Cutting NZ domestic, using planes to increase trans-Tasman (Domestic market was too small, too competitive)

- Using Pacific Blue to service Fiji, rather than the larger B777 V-Australia planes

- Bringing 490k seats capacity back into the Aust domestic market (note - "Mr Borghetti said there were more developments in the pipeline to increase domestic
competitiveness and further announcements would be made in due course")

- Increasing V-Aust capacity on USA, SA & Thailand routes.

Market still eagerly awaits results later this month.

All IMO