30 August 2011

Jetstar flying higher...

New figures show the number of people choosing to fly on Jetstar’s domestic New Zealand network increased by 5% during the 2011 financial year. Jetstar Australia & New Zealand CEO David Hall said the airline carried in excess of 1.23 million passengers between its four New Zealand ports in 2010/11. “The fact we’ve been able to grow our presence in the New Zealand domestic market despite several natural disasters shows the underlying strength of our business,” said Mr Hall. The airline’s total share of the New Zealand domestic market, bolstered by the introduction of two additional A320 aircraft during 2010/11, is now 20% just two years after start up. The Jetstar Group as a whole – including its international and Australian domestic operations – carried almost 19 million passengers in 2010/11, an increase of 14% on the previous year. Earnings before tax and interest were up 29% to a record A$169 million. Jetstar says that without the disproportionate number of natural disasters that acutely affected its operations, the Group’s earnings would have been A$85 million higher.

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