thegeek From Australia, joined Nov 2007, 2610 posts, RR: 0 Posted (8 months 3 weeks 6 days 9 hours ago) and read 1976 times:
Quote:
Virgin Australia lands a profit as sales jump
Date
August 28, 2012 - 9:03AM
Matt O'Sullivan
Virgin Australia has been accused of treating male passengers like paedophiles after it asked a man to switch seats because he was seated next to two unaccompanied minors.
Virgin Australia returns to profit.
Virgin Australia, the country's second largest airline, returned to profit as revenue jumped almost a fifth for the year as it increased its share of the lucrative business travel market.
The carrier posted a $22.8 million annual net profit, compared with a $68 million loss a year earlier, due to increased return on fares from domestic flights.
The airline, though, declined to give earnings guidance for the new financial year because of an ‘‘uncertain economic environment.’’
Days after arch-rival Qantas slumped to a $244 million full-year loss, Virgin said a driver of its return to profitability had been its ability to snare high fare-paying corporate and business travellers.
Advertisement
Virgin’s revenue rose 20 per cent to $3.9 billion. Virgin said corporate and business traffic now makes up 20 per cent of its domestic revenue.
Virgin shares have easily outperformed Qantas stock in 2012, rising 68 per cent while Qantas has dropped 19 per cent, prior to today. Those movements compare with a 7.1 per cent advance for the overall ASX200 benchmark share index.
tullamarine From Australia, joined Aug 1999, 1146 posts, RR: 0 Reply 2, posted (8 months 3 weeks 6 days 6 hours ago) and read 1690 times:
VA also announced that they are in the market for new wide-bodies from 2017. The A350 and 787 are being considered and will eventually replace both the A330 and 77W fleets. A decision is expected within 12 months.
zkojq From New Zealand, joined Sep 2011, 778 posts, RR: 1 Reply 6, posted (8 months 3 weeks 5 days 20 hours ago) and read 1204 times:
Looks like the strategy of improving product and thus yeilds is working.
Quoting tullamarine (Reply 2): The A350 and 787 are being considered and will eventually replace both the A330 and 77W fleets. A decision is expected within 12 months.
Do you know if the current 77Ws are owned or leased?
Quoting CXfirst (Reply 3): Maybe they can snag the ones QF are cancelling! PR Gold!
That is the kind of thing that Sir Richard Branson would do! Not that he has much say in Virgin Australia's operations.
Quoting EK413 (Reply 5): Well done VA and Mr JB...
Seconded. Virgin Australia is becoming a really great airline.
sunrisevalley From Canada, joined Jul 2004, 3952 posts, RR: 4 Reply 7, posted (8 months 3 weeks 5 days 19 hours ago) and read 1084 times:
Quoting tullamarine (Reply 2): VA also announced that they are in the market for new wide-bodies from 2017. The A350 and 787 are being considered and will eventually replace both the A330 and 77W fleets. A decision is expected within 12 months.
Both types are pretty young. According to AirFleets 5-yrs. on the A330 and 3.1-years on the 77W . 2017 seems rather soon.
flyingcaT From United States of America, joined May 2007, 510 posts, RR: 0 Reply 8, posted (8 months 3 weeks 5 days 5 hours ago) and read 764 times:
Quoting sunrisevalley (Reply 7): Both types are pretty young. According to AirFleets 5-yrs. on the A330 and 3.1-years on the 77W . 2017 seems rather soon.
Are they leased or fully owned, and if so what is the lease length.
Sponsor Message: 
From Australia, joined Nov 2007, 2610 posts, 
From Norway, joined Jan 2007, 2695 posts, 
From New Zealand, joined Sep 2011, 778 posts, 
From Canada, joined Jul 2004, 3952 posts, 
From United States of America, joined May 2007, 510 posts, 
Printer friendly format 
