Jetstar, the Qantas low-fare airline, had an operating profit of A$44.1 million ($33.2 million) in the fiscal year to last June 30 compared to negative EBIT of A$23.4 million in FY04, when it "was largely in startup mode," and achieved lower costs than low-fare rival Virgin Blue, according to Qantas CEO Geoff Dixon. "Jetstar has been a marked success and lowered its cost base in the second half of the year to A7.62 cents per ASK, making it the lowest-cost carrier in Australia, even with a ...

Subscribe to Access this Entire Article

"Qantas says Jetstar profitable, with lower costs than Virgin Blue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.