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Qantas CEO confident about the outlook for the Jetstar brand

3-May-2013 10:07 AM

Qantas CEO Alan Joyce stated (03-May-2013) Jetstar Airways is progressing strongly as it builds scale in Asia necessary for long term success. He however said, "There are costs and losses associated with the start-up and ramp-up of Jetstar Japan and Jetstar Hong Kong." Mr Joyce noted, "already the Jetstar Group flies to over 60 destinations and has 3000 weekly services across 16 countries and territories. It is bigger than Ryanair or Easyjet at the same age and is the biggest low cost carrier in the Asia Pacific by revenue." In relation to Jetstar Hong Kong, Mr Joyce said: "it is [still] working its way through regulatory processes and we anticipate it will get approval before the end of the calendar year." Mr Joyce said "we remain confident of achieving a profit in year three".[more - original PR]