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

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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