Bangkok--21 Feb--Aziam Burson-Marsteller
Profit increase supported by continued year on year capacity growth
The Qantas Group has today released details of low fares leader Jetstar’s record result for the financial half-year ended December 2010, which has included an EBIT (Earnings Before Interest and Tax) of AUD143 million, an increase of 18 percent on the comparative half year.
Jetstar increased domestic capacity by 20 per cent and international capacity by 18 per cent, resulting in a net capacity increase of 19 per cent versus the prior corresponding period.
Yield improvements and a 15 per cent increase in passenger numbers versus the prior corresponding period have resulted in an increase in Jetstar’s revenue of AUD 215 million (19 per cent) to AUD 1,346 million.
Jetstar has also achieved continuing improvements in unit cost. Unit cost (excluding fuel) has fallen 2 per cent compared to the previous corresponding period.
Jetstar’s record result reflects its status as one of the fastest growing airlines in Asia, the world’s largest aviation market. Operations now span two continents and four countries, with 379 flights per day and growing.
Jetstar is the fastest growing international airline to and from Australia and the largest low cost carrier in Asia as measured by revenue.
Jetstar Asia made a record profit of underlying EBIT of S$17 million whilst completing capacity growth of 46 per cent compared to 1H10.
Operations now span two continents and four countries, with 379 flights per day and growing. This growth will continue with the delivery of 15 B787s from late 2012.
During the half year ended December 2010 Jetstar, including Jetstar Asia entered 11 new aircraft into service including 10 A320-200s and one A330-200
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