Category: Airlines

Regional Express pulled in record profits last financial year but has warned of tougher times ahead as it deals with the cost of the carbon tax. Rex reported a net profit of $25.5 million for the year ending June 30, up 45 per cent, on the back of an increase in fly-in, fly-out services for

Etihad Airways has doubled its stake in alliance partner Virgin Australia to 10 per cent, buying 221 million shares on the open market in the six weeks since it received clearance from the federal regulator. “Our small equity stake reflects the strong working relationship of both airlines and again demonstrates our enduring commitment to the

Air New Zealand expects to double its earnings in the current financial year and sees significant opportunities to expand it alliance with Virgin Australia, airline officials said today as they unveiled the carrier’s annual financial results. The airline reported a net profit of NZ$71 million (A$55m) for the year ending June 30, down from NZ$81m

Virgin Australia has reported an after tax profit of $22.8 million for the last financial year and will continue to press its burgeoning fare war with Qantas by adding more domestic capacity. Virgin’s full-year profits represented a $90.6 million improvement over the previous year and came on a 20 per cent increase in revenue to