Jetstar Group continues record setting growth with underlying EBIT of AUD 203 million, an increase of 20% compared to last year

The Jetstar Group maintained its position as the most profitable low cost carrier ( based on gross revenues) and one of the fastest growing airlines in Pacific) The financial results was supported by a 27% increase in Jetstar’s leading ancillary revenue at more than AUD $ 30 per person Unit costs declined by 2% during the current financial year Jetstar achieved a record Underlying EBIT result of $203 million for the year ended 30 June 2012, an increase of $34 million (20 per cent) on the prior year result of $169 million. This result was driven by an 18 per cent increase in total revenue and sustained improvements in unit cost offsetting increases in fuel prices. Jetstar’s strong domestic results highlight the benefits of the Qantas Group’s two complementary flying brands and Jetstar’s strong competitive position in the Australian market. Despite challenging market conditions, Jetstar has been able to maintain growth in capacity and passengers in all markets. Jetstar grew overall capacity by 14 per cent compared to 2010/2011. This includes growth in domestic capacity of 7 per cent, international capacity of 12 per cent and Jetstar Asia capacity of 38 per cent. Overall, load factors improved to 79.2 per cent, an increase of 1.4 points compared to 2010/2011. At the same time, Jetstar has been able to improve yields, most notably across domestic leisure markets in the second half. Despite challenging operating conditions, Jetstar achieved capacity and passenger growth in all markets. Jetstar Japan was established during the year and commenced operations in July 2012, five months ahead of schedule, complementing airlines based in Singapore (Jetstar Asia) and Vietnam (Jetstar Pacific) – with Jetstar Hong Kong to be added in 2013, subject to regulatory approval. Each of these investments draws on Jetstar’s well-established brand, world-class ancillary revenue model and strong local partners. During the year Jetstar completed the retrofit of 32 A320 aircraft with a new lightweight seat that provided an additional three seats per aircraft and improved fuel efficiency. Jetstar is committed to growth in Asia and continues to strengthen its position as a pan-Asian carrier. Within Asia, there are now Jetstar branded franchises based in Singapore, Vietnam and Japan, with Hong Kong to be added in 2012/2013 subject to regulatory approval. Jetstar Japan was successfully launched in July 2012, five months ahead of schedule, with strong local partners JAL, Mitsubishi Corporation and Century Tokyo Leasing Corporation. The airline has a fleet of four A320s flying to five destinations within Japan: Tokyo, Osaka, Sapporo, Fukuoka and Okinawa. Jetstar Japan is expected to grow to 13 aircraft by June 2013 with funding committed for a total of 24 aircraft. International services will commence in the second half of 2012/2013 subject to regulatory approval. In addition, the Group has formed a strategic alliance with China Eastern Airlines for the establishment of a 50:50 joint venture in Jetstar Hong Kong. Jetstar Hong Kong will be the first ever foreign joint venture with a Chinese airline. Jetstar Hong Kong plans to commence services in late 2012/2013 (subject to regulatory approval). Jetstar’s international network will leverage the growth of these Jetstar branded airlines to provide traffic flow between Australia and Asia and reinforce the Group’s strong competitive position in the leisure travel markets across Asia-Pacific. Highlights for year ended 30 June 2012 Australia domestic ? 7% capacity growth ? Second half yields increased 10% ? Profitable every year since launch in 2004 ? 84% load factor. New Zealand domestic ? 37% capacity growth and passengers up 30% ? Increased traffic and customer advocacy Growing Jetstar in Asia ? Targeted expansion continued in key Asian markets through: new routes; the restructure of Jetstar Pacific; the Qantas Group’s joint venture with China Eastern to launch Jetstar Hong Kong in mid 2013 (subject to regulatory approval); and the launch of Jetstar Japan. ? The Jetstar Group is the largest low cost carrier (based on gross revenues) and one of the fastest growing airlines in Asia Pacific. Jetstar Asia ? Jetstar Asia is the most profitable low cost airline based in Singapore (based on Tiger Singapore EBIT as at 31 March 2012) ? 38% capacity growth ? Strong growth into China (9 ports). ? 13% underlying unit cost improvement. Jetstar Japan ? Launched in July, five months ahead of schedule ? 110, 000 passengers have flown on Jetstar Japan ? 86% load factor in first month of operation with continued strong performance ? Our current fleet of four A320s will grow to 24, with frequencies already increasing ? A second base to be established shortly and international services will commence 2nd half FY13, pending regulatory approval. Jetstar Pacific ? Strong local partner in Vietnam Airlines ? Around two million passengers carried in FY12 ? Forecast to be world’s 2nd fastest growing domestic market by 2014 (source: IATA). Media contact: Christopher Lim, Jetstar Asia James Best, Aziam Burson-Marsteller 662-252-9871 -NT- Click for photo release at www.thaipr.net

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