SYDNEY, 16 February 2006: Qantas today announced a profit before tax of $483.5
million for the half-year ended 31 December 2005, a 3.4 per cent decrease on the half-
year to 31 December 2004.
The 2005 half-year profit includes a one-off restructuring cost of $69.6 million under the
airline's Sustainable Future Program. The 2004 half-year results included a release of
surplus revenue accounting provisions of $52.1 million.
Adjusting for these two items, profit improved by $104.6 million, or 23.3 per cent during the
six months to 31 December 2005.
Mr Dixon said Qantas had programs and initiatives in place and planned over the next two
years to "lock-in" its competitive strength and a viable cost base.
These programs and initiatives include:
The development of two distinct and competitive brands - Qantas and Jetstar in the
premium/leisure market and in the value based market.
The Jetstar strategy involves expanding the domestic network, launching international
operations and bringing the Jetstar Asia operation closer to the Jetstar Group. New
Jetstar joint ventures are also planned for other parts of the world.
This will mean considerable growth for both brands, especially Jetstar internationally in
the next three years, Qantas in new international markets, and the movement of Australian Airlines into the Qantas Airlines structure.
......That last sentence is interesting.....as well as the statement that there will be 2 distinct and competitive brands...so will J* international compete with QF as well as other carriers and that there is no mention of AO except that will move into the QF airlines structure...