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Wednesday, 5 March 2014
Page: 1729

Mr HOCKEY (North SydneyThe Treasurer) (15:12): Madam Speaker, I seek the indulgence of the chair to add to an answer.

The SPEAKER: The minister may proceed.

Mr HOCKEY: For the benefit of the House I advise that in 2003 Qantas's domestic market share was 74 per cent, in 2008 it was 51 per cent and today it is 44 per cent. At an international level, in 2003 its market share was 33 per cent, in 2008 it was 26 per cent and today it is 17 per cent. Jetstar in 2008 had 16 per cent and now it has 21 per cent and Jetstar international had 5.7 per cent and it is 8.1 per cent today—clearly indicating that the traditional Qantas brand has massively lost market share, together with the market cap of the Qantas group.