Summary } Jetstar Airways HOW MODELING GUIDED THE BRAND MIGRATION STRATEGY OF A LOW COST CARRIER John Roberts‚ Peter Danaher‚ Ken Roberts‚ and Alan Simpson Turn to page … 42 ... to read the full article This article describes the application of a dynamic choice model of consumer preferences. It supported Jetstar‚ a subsidiary of Australia’s leading airline‚ QANTAS‚ to effectively and profitably compete in the low cost carrier marketplace. The evolution of the Jetstar strategy is traced
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Executive Summary Jetstar Airways is an Australia low-cost carrier airline based in Melbourne‚ Australia. It is a wholly owned subsidiary of the Qantas Group. Qantas established Jetstar in 2003 as a response to main competitor airline Virgin Australia (formerly known as Virgin Blue). Despite its low cost‚ Jetstar operates an extensive domestic network and is the world’s largest long-haul low cost carrier. Jetstar operates to destinations in Asia the Pacific Ocean‚ with future plans of expanding
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strategy? The external environment of the Jetstar could be divided into seven parts. The economic environment‚ the Jetstar plans to slash costs and ticket prices‚ taking the first step in an alliance that could transform the Asia budger markt. The demographic environment‚ the Jetstar focuse on Asia-Pacific market‚ because they realize that the Asia-Pacific region is one of the biggest frowth markets in aviation. The technological environment‚ Jetstar investigated jointly procuring new aircraft
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A Cost Leadership Strategy is based on the concept that you can produce and market a good quality product or service at a lower cost than your competitors. These low costs should translate to profit margins that are higher than the industry average. Some of the conditions that should exist to support a cost leadership strategy include an on-going availability of operating capital‚ good process engineering skills‚ close management of labor‚ products designed for ease of manufacturing and low cost distribution
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Cost leadership Strategy Strategy used by businesses to create a low cost of operation within their niche. The use of this strategy is primarily to gain an advantage over competitors by reducing operation costs below that of others in the same industry. For example‚ The Swedish furniture retailer Ikea revolutionized the furniture industry by offering cheap but stylish furniture. Ikea is able to keep its prices low by sourcing its products in low-wage countries and by offering a very basic level
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Assessment 1 Lam Minh Tho 397906 Prepared for: Phillip Dowling Jetstar’s History It is a low-cost airline headquartered in Singapore. It is the Asian offshoot of Qantas’s Jetstar Airways. It operates services to regional destinations. Its main base is Singapore Changi Airport. On April 16‚ 2008‚ the company announced that it had achieved profitability for the year ended March 31‚ 2008‚ with an increase of 20 per cent in the number of passengers carried and a passenger load factor of over 75
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Jetstar Airways Review of the Marketing Strategy and Its Effectiveness Student name: Li Wei‚ ACCA registration number:2476566 Word count:® A review of the marketing stargety of an organisation and its effectiveness. Part 1: Project Objectives and Overall Research Approach 1.1. Introduction. This topic chosen of this project is: A review of the marketing strategy of an organisation and its effectivenss. “The marketing process consists of analysing marketing opportunities‚ developing
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“perform different activities”. Cost leadership strategy Tiger airways has chosen the former it exploiting a cott leadership strategy. It has an integrated set of actions taken to produce services with features that are acceptable to customer at the lowest cost relative to that of competitors. Tiger’s costs structure foolows the shirt-haul low-cost model of Ryanair. It targets a broad customer segment and concentrates on finding ways to lower its costs relative to competitors by constantly
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which was Jetstar. Firstly we sought to understand the marketplace and the customer needs and wants. We decided that Jetstar’s market was the low cost airline offering very low cost flights in Australia and abroad. The customers in that market are really after the cheapest flight possible while realising that they are sacrificing the comforts provided by a full service airline. Their basic needs and wants ultimately come down to the lowest cost flight‚ secondary to that is service. Jetstar are targeting
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JetStar Hong Kong 1. Jetstar Hong Kong is a proposed low fare airline‚ based at Hong Kong International Airport which plans to commence services in 2013.1 2. It will be formed as a strategic alliance between China Eastern Airlines and the Qantas Group. The two carriers will invest as much as $198 million‚ with each company holding a 50% share.1 3. It will initially serve short-haul routes to cities in China‚ Japan‚ South Korea and South East Asia.1 4. The business strategy of JetStar
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