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 ...

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