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The Kiwi carrier posted a net post-tax profit of NZ$106 million for the first half of the 2025 financial year off the back of NZ$155 million in pre-tax earnings, towards the upper end of its guidance from November 2024.
In its latest Domestic Airline Competition report, the consumer watchdog found flights on services between metropolitan cities were 90.4 per cent full in November 2024, the highest since January 2019, when the ACCC’s data began.
The codeshare will see Air India, which operates daily Dreamliner flights from Delhi to Sydney and Melbourne, add its code to Virgin flights allowing onward connections to 16 cities across Australia and New Zealand.
The competition and consumer watchdog, which granted an interim authorisation to the deal last year that has allowed Virgin and Qatar Airways to sell tickets on the flights, believes the arrangement is “likely to result in public benefits and is unlikely to result in any public detriment”.
While the new service will begin on schedule, with the first flight slated for 30 March, it will initially operate four times per week on 737s rather than five times per week on the newer A220s, with the A220s now set to take over the route on 26 October.
The Flying Kangaroo’s regional arm is replacing older 50-seat Q300s out of Adelaide with the newer, larger planes, a switch enabled by its move last year to purchase 14 mid-life Q400s to transition its turboprop fleet to a single aircraft type.
PROFILES
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