boeing773er wrote:Just a few years ago most of this thread thought QF on the verge of insolvency and they should move all their assets JetStar.
Good for them, strong quarter.
qf789 wrote:Jetstae Japan delivered record profit, Jetstar Pacific remains unprofitable, NZ domestic services loss making, Jetstar Asia facing challenges /
lightsaber wrote:boeing773er wrote:Just a few years ago most of this thread thought QF on the verge of insolvency and they should move all their assets JetStar.
Good for them, strong quarter.
For good reason. QF turned around. The EK JV helped. Now they are growing past the EK JV (project sunrise).
SCFlyer wrote:Despite the QF sales act limiting foreign ownership to 49%
Sydscott wrote:qf789 wrote:Jetstae Japan delivered record profit, Jetstar Pacific remains unprofitable, NZ domestic services loss making, Jetstar Asia facing challenges /
Just to clarify this statement a little bit, Jetstar New Zealand domestic services are profitable BUT Jetstars regional services in New Zealand, ie their turboprop operation, are loss making. That's likely due to the significant ramp up of capacity by NZ which JQ hasn't responded to so at some point QF is going to have to make a choice about whether or not to fight back in NZ. (Not that I honestly think it's a choice. They've got to achieve scale in NZ with more than what they currently have)
Also nothing on new aircraft orders with the mention only of the A380 refurb, the 6 789's arriving for International and the preparations by JQ to induct the A321NEO from mid 2020. It's noted in the supplemental slides that the A321NEO LR's are to replace A320's in the JQ fleet.
aryonoco wrote:SCFlyer wrote:Despite the QF sales act limiting foreign ownership to 49%
Unless I'm mistaken, there are other provisions in the Qantas Sale Act. Everything from the amount and type of maintenance that has to be carried out in Australia to services required to maintain.
At the end of the day, VA was able to tap into foreign capital from government-owned airlines to fund a battle against Qantas, and still lost.
qf789 wrote:Jetstar Pacific remains unprofitable
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