Jetstar - Performance “meeting expectations”; “holding up well”

Jetstar stated its performance is "meeting expectations" despite the industry "facing numerous challenges" in the current global economic slowdown. The Australian economy is rapidly cooling, with the Reserve Bank slashing interest rates in two bold moves over the past months, totalling 1.75%. However, according to the airline's new CEO, Bruce Buchanan, the airline is confident travel trends seen in recent years will continue at the same pace, citing "quite healthy" forward bookings.