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

Premium Analysis

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.

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