Jetstar reports four fold increase in profit before tax in 2006/07
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South Pacific,
Jetstar
(CAPA) Jetstar A320 operations, which include domestic Australia, Trans-Tasman and short-haul international, achieved a profit before tax of AUD112 million in 2006/07, a four-fold increase on the comparative year result of AUD23 million.
Passenger revenue increased by AUD269 million or 42.9% year-on-year on a 33.7% increase in capacity reflecting the expansion of the Jetstar domestic network, twelve months of Trans-Tasman flying and the transition to an all A320 fleet.
Net operating expenditure increased by AUD180 million or 29.8% which was largely attributable to higher fuel prices and aircraft lease costs. Total expenditure per ASK for A320 operations was AUD 7.53 cents, a reduction of 4.1% year-on-year.
Jetstar International commenced operations with an interim fleet of A330-200s on 23-Nov-06 with the inaugural service from Melbourne to Bangkok followed by services to Phuket commencing on 24-Nov-06 and Sydney-Ho Chi Minh City operations from 30-Nov-06. In Dec- 06, Jetstar International commenced services to Bali and Honolulu and in Mar- 07 commenced services to Osaka. Jetstar International contributed a small profit of AUD3 million in its first year of operations (excluding start up costs).
Date posted: 16-Aug-07
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Jetstar reports four fold increase in profit before tax in 2006/07 
