Jetstar gains momentum in Asia
Jetstar Asia is pushing ahead with its growth plans out of Singapore, boosted by strong profit growth.
Jetstar Asia reported capacity growth of 46 percent during the 2011 financial year when 2.7 million passengers flew with the airline, up from 2.2 million the year before.
In addition, Jetstar Asia increased its Normalised Profit Before Tax to S$18 million (US$14 million). This contributed to a record result for the Qantas-led Jetstar Group overall, which posted a 29 percent increase in earnings before interest and tax of A$169 million (US$168. 4 million), and total passenger growth of 14 percent to 19 million passengers.
Jetstar Asia chef executive Chong Phit Lian, said, “This result provides us the momentum for further growth of the Singapore hub, including a continued focus on China with long-haul flights to Beijing starting in November.â€
Ian Jarrett
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