The strong Australian dollar continues to be a challenge for Qantas as it competes globally for tourism business.
This included a tie-up with one of the world's largest international airlines, Emirates.
"We keep calling it the high Australian dollar, when now it is the normal Australian dollar.
"Yes, it puts pressure on all of us to be competitive in a global context."
Mr Joyce said the strength of the local currency should never be used as an excuse for not winning tourism business.
"Many of the great destinations around the world - London, New York, Paris - have historically had high-value currencies, yet tourism has thrived," he said.
The airline, whose international operations have been struggling with hefty losses, says its partnership with Emirates represents a seismic shift for global aviation.
"We have factored these in, and we are very comfortable with, where we are positioned for the future," Mr Joyce said.
"Ultimately we have every confidence in this aircraft, which will greatly improve the customer experience and lower our operating costs."