Jetstar loses ground in NZ as Qantas plunges to A$2.84 bln loss

Wed, 27 Aug 2014

By Paul McBeth Aug. 28 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground in New Zealand, while claiming better yields on key routes, as its parent plunged into the red after slashing the value of its international fleet. The discount airline had 20.7 percent of New Zealand's domestic market at June 30, down from 22.4 percent a year earlier, Qantas said today when releasing its annual result. Passenger numbers dropped 7.7 percent to 1.72 million and revenue passenger kilometres fell 6.2 percent...

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