Nov 19 (Reuters) - Qantas Airways Ltd QAN.AX :
* FY20 MORE FOCUSED ON COST THAN REVENUE COMPARED TO PREVIOUS YEARS
* EXPECT BOTH QANTAS GROUP & VIRGIN GROUP TO OPERATE NEAR FLAT MARKET CAPACITY GROWTH FOR 1H20
* TARGETS $2 BILLION REINVESTMENT PER ANNUM FOR SUSTAINABLE FLEET
* "WE HAVE SUFFICIENT PLANNED CAPEX TO MAINTAIN COMPETITIVE FLEET"
* UNDER $2 BILLION REINVESTMENT PER ANNUM, CO'S FLEET CAN BE REPLACED WITHIN 20–25 YEARS
* QANTAS LOYALTY TARGETING $500-$600 MILLION EBIT IN FY22
* TRANSFORMATION DELIVERING MINIMUM $400M IN NEW BENEFITS P.A
* SUSTAINABLE COMPETITIVE ADVANTAGES PROVIDE A STABLE EARNINGS BASE