Jetstar steadies Qantas as Flying Kangaroo wanes
Budget carrier Jetstar has powered a lift in Qantas Group earnings as the dominant Australian player slowly pimps up and replaces its ageing fleet of Flying Kangaroos.
With Jetstar providing almost one-third of Qantas Group’s December half profit, executives lauded the success of new Airbus A321LR and A320neo jets in growing the no-frills carrier’s network and fuel efficiency.
Qantas Group chief executive Vanessa Hudson said Australians were travelling in increasing numbers domestically and internationally on Jetstar despite cost-of-living pressures.