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Article: Virgin Australia Lands A Profit ...  
User currently offlinethegeek From Australia, joined Nov 2007, 2638 posts, RR: 0
Posted (2 years 1 month 4 weeks 1 day 2 hours ago) and read 2641 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.
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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.

More to come

Read more: http://www.brisbanetimes.com.au/busi...-20120828-24x9i.html#ixzz24nORvMAN

Interesting. Their strategy of offering a business class hasn't been without its knockers, but seems to be doing pretty well.

8 replies: All unread, jump to last
 
User currently offlinevaus77w From Australia, joined Aug 2011, 143 posts, RR: 0
Reply 1, posted (2 years 1 month 4 weeks 1 day 1 hour ago) and read 2438 times:

Good result considering the times. Congrats to Virgin.

User currently offlinetullamarine From Australia, joined Aug 1999, 1601 posts, RR: 0
Reply 2, posted (2 years 1 month 4 weeks 1 day ago) and read 2355 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.


717,721/2,732/3/4/5/7/8/9,742/3/4,752/3,762/3,772,W,310,320/1,332/3,388,DC9,DC10,F28,F100,142,143,E90,CR2,D82/3/4,SF3,AT
User currently offlineCXfirst From Norway, joined Jan 2007, 3075 posts, RR: 1
Reply 3, posted (2 years 1 month 4 weeks 15 hours ago) and read 1993 times:

Quoting tullamarine (Reply 2):

VA also announced that they are in the market for new wide-bodies from 2017. The A350 and 787

Maybe they can snag the ones QF are cancelling! PR Gold!

-CXfirst



From Norway, live in Australia
User currently offlineIndianicWorld From Australia, joined Jun 2001, 2992 posts, RR: 0
Reply 4, posted (2 years 1 month 4 weeks 15 hours ago) and read 1947 times:

Great work VA/DJ!

They finally got me to sign up for velocity rewards too, so that's another person to go towards their target  


User currently offlineEK413 From Australia, joined Nov 2003, 4980 posts, RR: 4
Reply 5, posted (2 years 1 month 4 weeks 14 hours ago) and read 1899 times:

Well done VA and Mr JB...

EK413



Good evening, ladies and gentlemen. We are tonight’s entertainment!
User currently offlinezkojq From New Zealand, joined Sep 2011, 1272 posts, RR: 1
Reply 6, posted (2 years 1 month 4 weeks 14 hours ago) and read 1869 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.



Air New Zealand; first to fly the Boeing 787-9. ZK-NZE, NZ103 AKL-SYD, 2014/08/09. I was 83rd to board.
User currently onlinesunrisevalley From Canada, joined Jul 2004, 5056 posts, RR: 5
Reply 7, posted (2 years 1 month 4 weeks 13 hours ago) and read 1749 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.


User currently offlineflyingcaT From United States of America, joined May 2007, 543 posts, RR: 0
Reply 8, posted (2 years 1 month 3 weeks 6 days 23 hours ago) and read 1429 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.


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