Investor Presentaiton
Jetstar Group
Jetstar's Australian domestic network delivered $255m Underlying EBIT, 2H23 $125m
FY23
FY22
Change
Revenue¹
$M
4,235
1,440
>100%
11% Operating Margin, well positioned to achieve 15% FY24 margin target, given seasonality
2H23 capacity 100% of pre-COVID³ levels (1H23 94%)³
Underlying EBIT
$M
404
(796)
>100%
•
FY23 ancillary revenue growth of +37% vs pre-COVID³
Operating Margin
29
%
9.5
<0
N/A
Jetstar's international network delivered a $149m Underlying EBIT
•
$166m FY23 EBIT profit on Jetstar's Australian international business², 11% margin
ASKS¹
Σ
39,558
17,213
>100%
Seat factor¹
%
86.4
71.2 +15.2ppts
DOM
INT
97%
73%¹
82% FY23 Jetstar Group capacity on pre-
COVID levels³
11%
11%2
FY23 Operating Margin
4m
5m³
9m fares below $100 in FY23 on track
for 10m fares below $100 in CY23
•
•
Launched Sydney-Raratonga with A321LR and announced Melbourne-Fiji and Brisbane-Osaka,
Tokyo and Seoul through airport partnership and long-term incentive agreement
Jetstar Asia strong profitability with ROIC greater than WACC. Additional 2 aircraft in 1H24
NZ Domestic profitable, but concerns about future airport investment plans
($54m) share of Jetstar Japan statutory loss, including ($12m) adverse FX impacts, with a $30m
improvement in underlying result versus FY22. Forecast return to profitability in FY24
Investing in customer experience and operational performance
•
.
Improvements in operational performance in recent months, despite challenges with Air Traffic
Control and weather, supporting future reduction in temporary costs
New Jetstar App launched in June and commenced roll out of local wireless in-flight entertainment
9 x A321LR7 deliveries supporting improved reliability (99.4% dispatch reliability8), 20% fuel
efficiency gains and enhanced customer experience with 50% noise reduction and other benefits
1. Consolidated entities only: Jetstar Australia and New Zealand and Jetstar Asia. 2. Includes Jetstar Australia International long haul, short haul and Trans-Tasman. 3. FY23/1H23/2H23 compared to FY19/1H19/2H19 as a proxy of pre-COVID
QANTAS GROUP flying. 4. Base Fare. International fares are across all carriers in Jetstar Group. 5. Ancillary revenue per passenger including Flight Products, but excluding Charter, Freight and brand extensions revenue. 6. Balance Sheet revaluation of USD FY23 Results 18
lease liabilities. 7. 8 x JQ A321LRs and 1 x JJP A321LRs. 8. Mechanical Dispatch reliability at 15 minutes for 3 months ending April 2023View entire presentation