Let's see who turns up to deliver the bad news when presenting the financial report
Interesting, they are all coming out of the woodwork this week, with the exception of the little bloke.... I guess that's why he has so many CEO's these days, one Q domestic and one for Q Int (currently sharing the same AOC) I expect them to bob up in the next couple of days with their two cents worth to add to the confusion..
Jetstar Group chief executive Jayne Hrdlicka has defended the low-cost carrier's investments in Asia, saying the region represents a vital part of the future of the airline over the long term.
"We can sit back and dismiss all of this as an Asian distraction or we can play an active role in the world's largest growing aviation market, and that is our choice," she said at the CAPA Australia Pacific Aviation Summit on Friday, responding to critics of the investments, which have been mostly loss-making to date. "Asia is anything but a distraction."
Jetstar has arms in Singapore, Vietnam and Japan and is seeking approvals to set up Jetstar Hong Kong. In February, it froze growth in its Singapore arm as a result of tough market conditions that have led to losses.
"It was a clear signal the market was overcooked," she said. "All low-fares carriers in Singapore have since announced similar moves. South-east Asia is on the path to correction, which is great."
Ms Hrdlicka said the outlook for Jetstar Japan, which has been operating for two years, was particularly bright. The carrier is now the fourth largest domestic carrier in Japan in a market that grew by more than 8 per cent last year as a result of the introduction of budget airlines.
However, Jetstar Japan has yet to produce a profit. Ms Hrdlicka said Jetstar was realistic about the ability of the Asian ventures to do so within a few years of starting up.
So JH, we just keep bleeding brand "Qantas" dry whilst we are waiting to turn a profit now that it is clear the LCC market is over cooked? Not sure that we have a "few years" to find out...
WOW, great strategy, these guys will say anything, the media hook line and sinker again, oh that's right it was a CAPA organised event, say no more...
