Qantas (QAN) senior management are currently on roadshow in the US presenting to investors on the virtues of the new Boeing 787 Dreamliner. Most recent traffic figures from Qantas show that despite a slight uptrend in passenger numbers (up 1.2% YOY) yields are under pressure and declined on the prior corresponding period. This article in The Australian provides a good summary of Qantas' plans to streamline its' fleet and lower domestic operating costs by up 10% bringing it to within 5% of major competitor Virgin. Interestingly Alan Joyce points out that of the current Qantas fleet (300 aircraft) 160 have been renewed during his four year tenure and that the average age of aircraft would drop below that of Singapore Airlines this year. Link to the full article here (VIEW LINK)