From the press release:
For shareholders, we continue our focus on building long term value. The board has announced a further $500 million of capital will be returned – comprising a 7 cent per share dividend, unfranked, and another buyback worth up to $378 million.
This additional buy-back is expected to bring the total reduction of shares on issue to 24 per cent since 2015. That’s almost a quarter of our capital base.
For customers, we are today announcing several new investments.
Jetstar will start taking delivery of new A320s from its existing order, beginning with 18 A321 NEOs from mid-2020.
These next generation aircraft have the extended range to fly from Melbourne and Sydney to Bali. That means we can redeploy some of the 787s that Jetstar currently use on these routes to new markets – places like Vietnam, China and Hawaii. Given the standout performance of Jetstar in recent years, we expect to see an excellent return on this investment.
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We’re also upgrading the cabins of our 45 QantasLink turboprops. These single-class aircraft fly regional routes throughout Australia and will have new seat cushions and new leather upholstery, to significantly improve the experience for customers.