Jetstar stars in Qantas results; Pegasus to conduct IPO
Qantas’ 1HFY2011 financial results, released on 17-Feb-2011, revealed that Jetstar is an increasingly valuable unit of the Qantas Group, with the LCC offshoot close to overtaking Qantas as the group's most profitable brand. The unit contributed 32% of the group’s EBIT result and 17% of revenue, as the Qantas Group posted a four-fold increase in half-year net profits to AUD241 million.
