Jetstar Asia CEO Update
Jetstar Asia CEO Barathan Pasupathi discusses the airline’s record profit in the fiscal year ending Jun-2016 (FY2016) and the outlook going forward. The Singapore-based LCC has not added any aircraft in three years and plans to continue refraining from fleet expansion due to overcapacity concerns. However, Jetstar Asia continues to pursue opportunities for network expansion with a focus on underserved secondary markets and is keen to add capacity on routes where it generates significant interline and codeshare traffic. An increase in the portion of tickets sold by full service airline partners has helped Jetstar Asia boost yields and therefore profitability while limiting direct competition with other LCCs in oversupplied markets.