The essay analyzes the usefulness and limitations of Porter’s Five Forces Model on Qantas Airlines. It provides a brief summary of the model and its application in the airline industry. The analysis includes the bargaining power of buyers and suppliers, threat of substitutes, competitive rivalry, and threat of new entry. The main implication for Qantas Airlines is the rivalry among existing competitors. The usefulness of the model lies in its simplicity, while its limitation is its inability to address broader ideas of business in multi-channel and multi-product marketplace.