Jetstar - Performance “meeting expectations”; “holding up well”

Jetstar previously stated its performance is “meeting expectations” despite the industry “facing numerous challenges” in the current global economic slowdown. However, according to the airline’s new CEO, Bruce Buchanan, the airline is confident travel trends seen in recent years will continue at the same pace, citing “quite healthy” forward bookings. Jetstar stated it remains “very focused on tackling any changes in demand and booking profiles over the foreseeable and future period”.

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This report contains the following subheadings:

• Continues to grow as parent slows in Oct-08
• Qantas Group domestic passenger share falls
• Expansion continues, but at a slower rate
• Load factors fall across the board in Oct-08
• Reaches 30 million domestic passenger milestone
• Current focus on "near Asian strategy" as further B787s delays become a reality
• Launches third international destination from Perth with daily Singapore service
• Expanding service to Japan; launches Brisbane-Depansar service
• Entrenching Darwin hub
• Jetstar celebrates three years on the Tasman
• To reduce capacity at Melbourne Avalon by 20%

This report contains the following charts and tables:

• Qantas Group passenger number growth: Nov-07 to Oct-08
• Qantas Group passenger numbers by carrier in Oct-08 (%)
• Qantas Group passenger capacity and traffic growth by carrier in Oct-08 (% change year-on-year)
• Qantas Group capacity (ASKs) growth: Nov-07 to Oct-08
• Qantas Group passenger load factor growth: Nov-07 to Oct-08
• Boeing B787 delays timeline
• Key Asia Pacific LCC fleet orders: Dec-08
• LCCs with B787s on order: Dec-08
• Top ten international city pairs from Australia: Ten months ended 31-Oct-08