QUOTE OF THE DAY: Qantas CEO, Geoff Dixon, on Jetstar's expansion and Tiger's impact...
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South Pacific,
Jetstar
Qantas: We're obviously moving [Jetstar] into international areas, and it will go into routes where we know Qantas finds it very difficult to make money. Importantly, and I think interestingly for Australia, Jetstar will go back into markets where Qantas pulled out of many years ago, places like Greece and Italy, and I believe they can make that viable with the new aircraft they get in August. The Boeing 787s will enable a one stop flight to Athens via Bangkok…Already there is a deterioration in Jetstar's yields in the second half of the year as they've matched Tiger as it's announced its route structure and started selling But we just have to make amends for those things and to make sure we can still bring in the result we want to bring in, Source: Sky News Business Sunday, 19-Aug-07.
Date posted: 20-Aug-07
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