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Virgin cedes market share to Jetstar as budget travel crunched

Ayesha de Kretser
Ayesha de KretserSenior reporter

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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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    Original URL: https://www.afr.com/companies/transport/virgin-cedes-market-share-to-jetstar-as-budget-travel-crunched-20240825-p5k55h