Qantas is gaining share from its main rival, Virgin Australia, new analysis shows, as low-cost subsidiary Jetstar takes delivery of bigger aircraft and adds cheaper seats to a softening domestic aviation market.
As Qantas prepares to unveil its full-year earnings on Thursday, Barrenjoey analyst Matt Ryan said Australian Competition and Consumer Commission data showed the group, including Jetstar, grew passenger numbers 6 per cent in the June quarter, ruling off its second-half passenger growth at 8 per cent.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
