He told BusinessDaily last night that the profit from sales of ancillary items - such as cups of coffee, muffins, baggage and special seat charges - was about $24 a passenger.
2010 HY Report
Jetstar Domestic
Passengers carried 4,921,000 x $24 = $118,104,000
Jetstar Internaional
Passengers carried 2,069,000 x $24 = $49,656,000
Jetstar Asia
Passengers carried 1,391,000 x $24 = $33,384,000
Total ancillary revenue for Jetstar group = $201,144,000 half year 2010 (@$24 per pax)
That seems to be at odds with something..
Even if we just put Jetstar Domestic in the equation..
The 2010 HY Results
http://www.qantas.com.au/infodetail/...0HYResults.pdf
Page 11: Revenue and other income, 3rd item down, it says Note 3 and $956 million in income. When we go to Note 3 on
page 23..
Ancillary passenger revenue: $128million. <- for the Qantas group!
Total ancillary revenue for Jetstar group = $201,144,000 half year 2010 (@$24 per pax as per Bruce Buchanan in
Jetstar makes more money from muffins than tickets | News.com.au <-this article)
Even if we apportion the whole amount of "intersegment revenue" as on page 21, of $45million to Qantas Frequent Flyer paying Jetstar for some seats for FF member who have redeemed flights, it still doesn't come close to the $201million BB alleges Jetstar makes.
I may be using the same calculator that Alan Joyce has been using to justify his war on the LAMEs and Pilots, if I'm wrong please tell me. I'm humble enough to accept it.