Original article by Jamie Freed
The Australian Financial Review – Page: 27 : 9-Jun-15
Qantas CEO Alan Joyce has conceded that the Asian division of its Jetstar subsidiary will not return its cost of capital in 2014-15. However, he is upbeat about the outlook for the aviation market in Asia, arguing that the amount of capital Qantas is investing in the region is minor compared with the potential returns in the long-term. Qantas is tipped to post an underlying pre-tax profit of around $A1bn for 2014-15.
CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, JETSTAR AIRLINES PTY LTD, JETSTAR JAPAN, JETSTAR HONG KONG AIRWAYS LIMITED, JETSTAR ASIA, JETSTAR PACIFIC, CHINA EASTERN AIRLINES CORPORATION LIMITED, SHUN TAK HOLDINGS LIMITED, INTERNATIONAL AIR TRANSPORT ASSOCIATION, HONG KONG INTERNATIONAL AIRPORT