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Jetstar Asia targets 2009 as break-even
Jetstar Asia, aims to break even by 2009, betting that travel demand will boost ticket sales.
The carrier, which has not been profitable since it started flying in 2004, planned to focus on shorter routes and align its operations with Jetstar, Qantas’ Australia-based budget airline, said chief executive Chong Phit Lian.
“By 2009, we should be able to break even,” Mr Chong, 54, said in an interview. “Our aircraft is better suited for shorter sectors, and the best performers are those between one or two hours away. We will also review our network.”
The carrier, which operates a fleet of six A320 aircraft by Airbus SAS, filled an average of about 70 per cent of its seats in the first half of this year, compared with 60 per cent in the same period a year earlier.
Jetstar Asia expected to add one more A320 to its fleet by the end of October, Mr Chong said.
AirAsia, Jetstar Asia’s biggest rival, reported yesterday that its fourth-quarter profit doubled, after it sold more tickets and collected surcharges.
Graham Muldoon
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