Bangkok--26 Sep--Aziam Burson-Marsteller (
Qantas Group airline Jetstar recently announced that it had earned underlying EBIT of $138 million for the year ended 30 June 2012/13.
“Jetstar continues to generate strong earnings for the Group through our domestic dual-brand strategy and successful ancillary revenue model,” Mr Alan Joyce, Qantas Group CEO said. “At the same time, we are building Jetstar in Asia, positioning the brand for future success across the region.”
“In FY13 Jetstar carried its 100 millionth passenger and took delivery of its 100th aircraft, a remarkable achievement for an airline that began operations in 2004. It has been named the best low-cost carrier in the Asia-Pacific region and the second-best in the world. In FY13 we saw significant improvements in customer satisfaction across all Jetstar airlines, including some record results.
“Jetstar Japan was launched in July 2012 and is off to a strong start, having carried over 2 million passengers since launch, grown to 13 aircraft in just 13 months and earned some of the highest customer satisfaction ratings anywhere on the Jetstar network. The business has huge growth potential, with low cost carriers accounting for just 5 per cent of a market that is six times the size of Australia. It is also likely to benefit from recent consolidation in the market.
“We continue to work through the regulatory approval for Jetstar Hong Kong. Our third major shareholder, Shun Tak Holdings, joined the Qantas Group and China Eastern in June 2013, and we are working to support the Jetstar Hong Kong team as they seek regulatory approval by the end of 2013. Last month Jetstar Hong Kong reached an important milestone, with formal gazettal by Hong Kong’s Air Transport Licensing Authority.
“With ACCC approval for coordination between the Jetstar businesses received earlier this year, we are building the scale necessary for long-term success in Asia.”
Jetstar has been profitable every year since launch and awarded best low-cost carrier in Australia-Pacific49 for the third consecutive year. Jetstar continued to grow its ancillary revenue per passenger (up fiveper cent).
Jetstar improved unit costs by three per cent compared to last year retaining its low-cost carrier margin advantage.
Jetstar Asia continues to build a strong brand with 10 per cent passenger growth in an increasingly competitive market. Jetstar Asia delivered its second consecutive year of profitability.
Jetstar Pacific has successfully completed its fleet renewal program. It is now flying five A320-200s with an average fleet age of eight years. This has delivered a significant improvement in fleet economics, resulting in unit cost improvement. Jetstar Pacific has planned growth to 15 aircraft by financial year 2016/2017.
Jetstar will be the first low-cost carrier in the Asia-Pacific to fly the B787-8 Dreamliner, with the first flight planned by the end of the 2013 calendar year. There are currently seven A320-200s across the Jetstar-branded airlines fitted with fuelsaving sharklets.