Jetstar Can't Halt Foreign Carriers' Advance

[Mike W]

Seems Steve has been busy over the weekend...

http://www.theaustralian.news.com.au...-23349,00.html

Steve Creedy | November 07, 2008

QANTAS Airways' share of international traffic slipped below 25 per cent in August.

And group market share fell after expansion by low-cost offshoot Jetstar failed to offset a mainline decline.

International airline passenger figures released yesterday show the growth of Jetstar into the fifth-biggest airline serving Australia did not prevent the Qantas Group's share of the international passenger traffic in August falling from 31.8 per cent a year ago to 30.7 per cent.

Qantas Airways now holds just 24.5 per cent of the market, down 2 percentage points on a year ago and a long way short of the 42.7percent lion's share it commanded in 1994.

Jetstar International, set up to protect the group's market share against aggressive foreign entrants such as Emirates, grew 1.2percentage points to 5.9 per cent of the market as it began shorter-haul international flights using A320s. Jetstar lagged only its mainline counterpart and rivals Singapore Airlines (12.2 per cent), Air New Zealand (9.5 per cent) and Emirates (7.4 per cent).

Singapore also improved its market position, growing 1.4 percentage points, and Air New Zealand's passenger share rose 0.6 points. Emirates' slice of the market fell 0.5 points.

The Qantas fall was reflected in an overall decline of the market share held by Australian-designated carriers from 33.1 per cent a year ago to 32.8 per cent in August. This compares to an Australian market share of more than 34 per cent in 2004.

Continues

[Michael Morrison]

DJ have also increased form about 2.8% to have around 3.9% I believe.

I guess these figures will change a bit once JQ starts getting the delayed 787's, though VA's 777-300's may offset this a bit