Virgin Blue has revealed it is on track to make a loss of between $30 and $80 million for the current financial year, with the airline blaming a challenging second half due to rising global fuel prices and natural disasters. Virgin Blue says record fuel prices will add an extra $50 million to the airline’s
Jetstar has continued to maintain its existing flight schedule between Australia and Japan, while making a change to its daily Gold Coast to Tokyo route in the aftermath of the country’s devastating earthquake and tsunami which struck less than two weeks ago. The airline has continued to operate its 25 weekly regular return services to
Strategic Airlines has announced plans to lease two major new premises in Brisbane, comprising an engineering hangar maintenance facility at Brisbane Airport and a new corporate headquarters. “Pending the granting by the Civil Aviation Safety Authority of Strategic’s engineering license, we intend to use the original Boeing hangar facility to undertake engineering maintenance on the
Qantas has announced a settlement with the New Zealand Commerce Commission (NZCC) in relation to price fixing activities within its freight division between 2000 and 2006. While Qantas hasn’t specified the exact terms of the settlement, both parties agreed to recommend to the New Zealand High Court that the airline pays a fine of NZ$6.5
Qantas and Jetstar have become the first major airlines to achieve carbon neutral certification for their carbon offset programs under the federal government’s National Carbon Offset Standard (NCOS). A voluntary certification scheme, the NCOS Carbon Neutral initiative allows Australian businesses to measure, reduce and offset greenhouse gas emissions associated with business operations or products. Established
Virgin Blue Group has announced increases to both its fares and international fuel surcharges, due to rising fuel prices, with effect from March 21. “Oil prices are reaching increasingly high levels, with the average price of Singapore Jet Fuel rising by around 50 per cent since September 2010, from US$88 a barrel to US$131”, Virgin