Joyce and Jetstar Group chief executive Jayne Hrdlicka have both said previously Jetstar had delivered $1 billion in profits to the Qantas Group. “Under current Australian accounting laws you can be as clear as mud when it comes to transference of costs within divisions of an airline,” Xenophon told reporters prior to the AGM. “I suggest that Jetstar Asia has been the big black hole for Qantas.” In response, Joyce said: “There is never selective briefings that involve any information that is not available to all shareholders.” In response, Joyce said Jetstar Asia – the Singapore-based airline – had “made money four out of the last 10 years.” “Last year it lost money because its local competitor added a huge amount of capacity and pushed the market into losses,” Joyce said.
Posted on: Fri, 24 Oct 2014 07:53:10 +0000
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