Qantas stated it plans to expand further into the high-growth Asian region, and CEO Alan Joyce confirmed Jetstar will be the main driver of the group’s push into the region (The Nation, 19-Feb-2011). Jetstar is Australia’s second-most profitable airline behind Qantas. Jetstar Asia, the group’s Singapore-based subsidiary, contributed a record profit to Jetstar’s result.
Qantas: "In Asia, to which Australia's future is clearly tied, the group is looking for growth opportunities via Jetstar's aggressive pan-Asian growth as well as options for Qantas to capitalise on the growing demand for premium travel in the region," Alan Joyce, CEO. Source: The Nation, 19-Feb-2011.