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Qantas to close low-cost arm Jetstar Asia and cycle $326.4 million of capital | CNN Business

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Summary
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81% Informative

Qantas will close Jetstar Asia , the group’s Singapore -based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers.

The move will free A$500 million ( $326.40 million ) in capital for the flag carrier to invest in its fleet renewal plans.

Group CEO Vanessa Hudson said the company has seen some supplier costs rise by up to 200% .

VR Score

85

Informative language

87

Neutral language

60

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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1

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1

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