Latest news with #StephanieTully
1News
5 days ago
- Business
- 1News
International air travel returns to Hamilton
The first international flight into Hamilton in over 13 years landed this morning. Jetstar's JQ165 landed at Hamilton Airport just after 11am today after departing from Sydney earlier in the morning. It comes as the airline launches four new services, connecting cities in Australia and New Zealand. The Sydney-Hamilton flights would operate using a mix of Airbus A320ceo and A320neo aircraft. Hopes a Jetstar deal for the Waikato centre will bring trans-Tasman fare prices down. (Source: 1News) ADVERTISEMENT 'We're excited to bring international travel back to Hamilton with new direct flights from Sydney and the Gold Coast, offering more low-cost options and exciting new destinations for Kiwis and Aussies," Jetstar chief executive Stephanie Tully said. 'We know Kiwi travellers love our low fares and see huge potential for even more growth in the future. Hamilton Airport chief executive Mark Morgan described it as a "momentous day" for the team who worked to ensure the airport was international flight-ready. He also said it was "hugely exciting" for Hamilton, the wider region, and Australian tourists. The morning's headlines in 90 seconds, including a push to lift our superannuation age, rising Middle East tensions, and Auckland's amateur footballers face off against global giants. (Source: 1News) "There is a new international gateway directly into heartland New Zealand. And here at home, it means Kiwis have another way to cross the Tasman that's super-easy and affordable." The new Hamilton-Sydney service consisted of four weekly flights, adding roughly 75,000 seats annually for travellers across the Tasman. ADVERTISEMENT The new trans-Tasman route launches would continue this week, with the Hamilton to Gold Coast service launching on Wednesday, and direct Dunedin to Gold Coast flights next week. In April, Jetstar started flights between Christchurch and Cairns. Marking the occasion, Jetstar announced new sale fares today from $150 between Hamilton and Sydney.
CNA
12-06-2025
- Business
- CNA
Highlights: Jetstar Asia to shutter, says 'really high cost increases' in Singapore affected business
SINGAPORE: Jetstar Asia will cease operations at the end of July, affecting more than 500 employees in Singapore and 16 regional routes. This marks an end to over two decades of air travel under the Singapore-based budget airline, whose parent company is Qantas Group. Speaking to reporters on Wednesday (Jun 11), Jetstar Group CEO Stephanie Tully said the airline has seen "really high cost increases" at its Singapore base, including rises in fuel, airport fees and ground handling charges.
Kuwait Times
11-06-2025
- Business
- Kuwait Times
Qantas Airways shutters Singapore-based Jetstar Asia on rising costs
SINGAPORE: Australia's Qantas Airways will close its Singapore-based budget airline Jetstar Asia, the group said on Wednesday, blaming rising supplier costs, high airport fees and strong regional competition. The shutdown of the 20-year-old airline next month will result in the loss of up to 500 jobs, a Qantas spokesperson said, and Jetstar Asia's fleet of 13 Airbus A320 planes will be redeployed to Australia and New Zealand. Airlines across Asia, including budget rivals like Singapore Airlines', Malaysia-headquartered AirAsia and Vietnam's VietJet Aviation, have restored and grown their capacity post-pandemic, intensifying competition between carriers and driving airfares down. Jetstar Asia, which operated 16 intra-Asia routes from Singapore's Changi Airport, has faced growing challenges in recent years and has been unable to deliver returns comparable to stronger-performing core markets within the Qantas group, the company said. The airline has seen 'really high cost increases' at its Singapore base, including double-digit rises in fuel, airport fees, ground handling and security charges, Jetstar Group CEO Stephanie Tully told reporters. Jetstar Asia, which Tully said reported profits in only six of its 20 years of operation, is expected to post an underlying loss of A$35 million ($22.76 million) before interest and tax in the financial year ending June 30. The airline said Jetstar Asia's closure would release up to A$500 million to be recycled into its core businesses based largely on the value of the 13 planes, including the ability to replace costly leased aircraft that Australia's Jetstar Airways is using domestically. Jetstar Asia will gradually reduce its schedule before closing on July 31, and customers on cancelled flights will be offered full refunds and moved onto other airlines where possible. Qantas said it would take a one-off financial hit of about A$175 million from Jetstar Asia's closure over two financial years. Qantas shares were trading about 1 percent lower. The group said on Wednesday it continues to see strong demand across its domestic and international businesses. Cost woes Tully said Jetstar Asia's cost base was hit particularly hard in the last 18 months to two years. Changi, the world's fourth-busiest airport by international passengers, is steadily raising charges from this year through 2030 to fund investments and higher operating costs. The airport in March 2023 moved Jetstar Asia's operations from Terminal 1 to Terminal 4, the only terminal not connected by train to the other terminals, despite the airline's objections. 'We think it has had an impact on the business,' Tully said. Changi said in a statement it was disappointed by Jetstar Asia's decision to exit Singapore but respected its commercial considerations. Jetstar Asia accounted for around 3 percent of the airport's passenger traffic last year. Changi said it would work with other airlines to fill capacity gaps, including on four routes that no other carrier currently operates. Australia, New Zealand focus International operations at Qantas' other budget carriers, Jetstar Airways and Japan-based Jetstar Japan, will not be affected, the airline said. Six of Jetstar Asia's 13 narrow-body aircraft will replace leased aircraft at Jetstar's Australian operations, while four will replace ageing planes Qantas uses to serve the mining industry. Two planes will be deployed to Jetstar in Australia and one in New Zealand to grow capacity and potentially launch new routes, the airline said, in a move that will create more than 100 local jobs. Employees losing jobs in Singapore will get redundancy benefits and support to find jobs within the Qantas group or other airlines. Singapore's biggest trade union, the National Trades Union Congress, said it was aware of the Jetstar Asia closure ahead of the announcement and was working with Singapore Airlines, the Civil Aviation Authority of Singapore and Changi Airport to find new employment opportunities for the airline's employees. Singapore Airlines said it had set up channels for Jetstar staff to expedite applications for employment within the airline group. - Reuters
Time of India
11-06-2025
- Business
- Time of India
Qantas Shuts Down Jetstar Asia: 500 Jobs Lost Amid Rising Costs and Competition, ET TravelWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App Australia's Qantas Airways will close its Singapore-based budget airline Jetstar Asia, the group said on Wednesday, blaming rising supplier costs, high airport fees and strong regional shutdown of the 20-year-old airline next month will result in the loss of up to 500 jobs, a Qantas spokesperson said, and Jetstar Asia's fleet of 13 Airbus A320 planes will be redeployed to Australia and New across Asia, including budget rivals like Singapore Airlines ' Scoot, Malaysia-headquartered AirAsia and Vietnam's VietJet Aviation, have restored and grown their capacity post-pandemic, intensifying competition between carriers and driving airfares Asia, which operated 16 intra-Asia routes from Singapore's Changi Airport, has faced growing challenges in recent years and has been unable to deliver returns comparable to stronger-performing core markets within the Qantas group, the company airline has seen "really high cost increases" at its Singapore base, including double-digit rises in fuel, airport fees, ground handling and security charges, Jetstar Group CEO Stephanie Tully told Asia, which Tully said reported profits in only six of its 20 years of operation, is expected to post an underlying loss of A USD 35 million (USD 22.76 million) before interest and tax in the financial year ending June airline said Jetstar Asia's closure would release up to A USD 500 million to be recycled into its core businesses based largely on the value of the 13 planes, including the ability to replace costly leased aircraft that Australia's Jetstar Airways is using Asia will gradually reduce its schedule before closing on July 31, and customers on cancelled flights will be offered full refunds and moved onto other airlines where said it would take a one-off financial hit of about A USD 175 million from Jetstar Asia's closure over two financial years. Qantas shares were trading about 1 per cent lower. The group said on Wednesday it continues to see strong demand across its domestic and international WOESTully said Jetstar Asia's cost base was hit particularly hard in the last 18 months to two the world's fourth-busiest airport by international passengers, is steadily raising charges from this year through 2030 to fund investments and higher operating airport in March 2023 moved Jetstar Asia's operations from Terminal 1 to Terminal 4, the only terminal not connected by train to the other terminals, despite the airline's objections."We think it has had an impact on the business," Tully said in a statement it was disappointed by Jetstar Asia's decision to exit Singapore but respected its commercial Asia accounted for around 3 per cent of the airport's passenger traffic last year. Changi said it would work with other airlines to fill capacity gaps, including on four routes that no other carrier currently NEW ZEALAND FOCUSInternational operations at Qantas' other budget carriers, Jetstar Airways and Japan-based Jetstar Japan, will not be affected, the airline of Jetstar Asia's 13 narrow-body aircraft will replace leased aircraft at Jetstar's Australian operations, while four will replace ageing planes Qantas uses to serve the mining planes will be deployed to Jetstar in Australia and one in New Zealand to grow capacity and potentially launch new routes, the airline said, in a move that will create more than 100 local jobs. Employees losing jobs in Singapore will get redundancy benefits and support to find jobs within the Qantas group or other biggest trade union, the National Trades Union Congress, said it was aware of the Jetstar Asia closure ahead of the announcement and was working with Singapore Airlines, the Civil Aviation Authority of Singapore and Changi Airport to find new employment opportunities for the airline's Airlines said it had set up channels for Jetstar staff to expedite applications for employment within the airline group.
South China Morning Post
11-06-2025
- Business
- South China Morning Post
Singapore-based Jetstar Asia's exit signals turbulent times for low-cost airlines
The shutdown of Singapore-based airline Jetstar Asia is a sign of turbulent times ahead for budget carriers in the region as they grapple with higher costs and stiffer competition, aviation analysts have said. On Wednesday, Jetstar Asia, the low-cost arm of Australian airline Qantas, announced that it would close down at the end of July. The decision followed a review of the budget airline, which had in recent years been challenged by rising supplier costs, airport fees, aviation charges and competition in the region, Jetstar group said in a statement. Jetstar Asia added that the increase in costs was projected to continue, putting unsustainable pressure on its ability to offer low fares, which was fundamental to its business model. 'Unfortunately, increasing competition in the region, high market capacity and rises in supplier costs and airport fees over recent years mean that we simply can't continue to offer the low fares that we are proud of and committed to,' Jetstar group chief executive Stephanie Tully said. Linus Benjamin Bauer, founder of aviation consultancy BAA & partners, said Qantas was rightly reallocating capital to higher-yield opportunities. 'This is a warning sign. In a post-Covid world, cost discipline and market relevance are non-negotiable. Expect more market exits or strategic retrenchment, especially in fragmented, overserved low-cost carrier markets like Southeast Asia,' he said.
