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Jetstar’s profit before tax slips notably in first half, but still playing vital role for Qantas

12-Feb-2009

Jetstar demonstrated its value to the Qantas Group in the six months ended 31-Dec-08 (1H09), reporting a 9.2% year-on-year increase in revenue, to represent 11.4% of total Qantas Group Revenue. Jetstar’s yield, meanwhile, improved 2.7% in the six-month period, at a faster rate than the overall Group yield, which was up 1.2% year-on-year to AUD 12.08 cents. Jetstar’s profit before tax, however, was down 48.2% year-on-year in the period to AUD72 million. [1734 words]

Unlock the following content in this report:

Subheadings:

  • Domestic Australian yields slumps in recent months
  • Unit costs down
  • Capacity growth slows in 1H09, but still up 13% year-on-year
  • Load factors fall across the board
  • Domestic and international services represent 21% and 4% of total Group traffic, respectively
  • To introduce interlining with Qantas and multiple international airlines
  • Upgrades reservation system
  • New services from Perth to Adelaide and Cairns
  • Removes all fuel surcharges

Graphs and data:

  • Jetstar financial highlights for six months ended 31-Dec-08
  • Qantas Group domestic (Qantas Domestic, Qantaslink and Jetstar Domestic) and Qantas Group international (Qantas International and Jetstar International) yield: Jul-08 to Nov-08
  • Domestic Air Fare Index (July 2003 = 100): Feb-04 to Feb-09
  • Qantas Group capacity (ASK) growth: Jan-08 to Dec-08
  • Qantas Group passenger load factor growth: Jan-08 to Dec-08
  • Qantas Group passenger number growth: Jan-08 to Dec-08
  • Jetstar domestic traffic highlights for six months ended 31-Dec-08
  • Jetstar international traffic highlights for six months ended 31-Dec-08
  • Qantas group passenger capacity and traffic by carrier: Six months to Dec-08
  • Qantas Group passenger numbers by carrier: Six months to Dec-08
  • International passengers to/from Australia by major airlines - 12 months ended Nov-08
  • Perth International Airport capacity breakdown by carrier (seats per week as % of total)
  • Jetstar Airways domestic capacity breakdown by city (seats per week as % of total)
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