thegeek
Topic Author
Posts: 1334
Joined: Mon Nov 26, 2007 7:20 am

Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 12:23 am

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.
 
vaus77w
Posts: 140
Joined: Sun Aug 21, 2011 11:05 am

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 2:15 am

Good result considering the times. Congrats to Virgin.
 
tullamarine
Posts: 1641
Joined: Thu Aug 05, 1999 1:14 pm

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 2:50 am

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/E/W,300,310,319,320/1,332/3,388,DC9,DC10,F28,F100,142,143,E90,CR2,D82/3/4,SF3,ATR
 
CXfirst
Posts: 2954
Joined: Tue Jan 30, 2007 8:13 pm

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 12:05 pm

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
 
IndianicWorld
Posts: 2849
Joined: Mon Jun 04, 2001 11:32 am

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 12:19 pm

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 avatar
EK413
Posts: 4412
Joined: Sat Nov 29, 2003 3:11 pm

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 12:40 pm

Well done VA and Mr JB...

EK413
Good evening, ladies and gentlemen. We are tonight’s entertainment!
 
User avatar
zkojq
Posts: 2506
Joined: Fri Sep 02, 2011 12:42 am

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 12:49 pm

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.
First to fly the 787-9 (ZK-NZE, NZ103, 2014-10-09)
 
sunrisevalley
Posts: 5133
Joined: Tue Jul 06, 2004 3:26 am

RE: Article: Virgin Australia Lands A Profit ...

Tue Aug 28, 2012 2:11 pm

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
Posts: 394
Joined: Tue May 29, 2007 10:33 am

RE: Article: Virgin Australia Lands A Profit ...

Wed Aug 29, 2012 3:49 am

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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