Category: Virgin Australia

Airlines

Virgin Blue has slashed its net profit before tax outlook for the 2010 financial year, saying it will come in between $20 and $40 million, a major revision to the previous guidance of $80 million. “Since the guidance given earlier this month, we have continued to see rapid deterioration and increased volatility in the operating

Airlines

Asiana Airlines has been named the world airline of the year in the 2010 Skytrax World Airline Awards, while Air New Zealand was awarded for best airline in the Australia-Pacific region, ahead of Qantas and V Australia. “When evaluating the survey results, the real strength that was shining through for Asiana Airlines is their front-line

Airlines

Qantas had the highest rate of on time performance during April, in a month when the industry average was slightly lower than the long term average. Qantas had an on time departure rate of 89.4 per cent for the month, followed by Virgin Blue at 86.9 per cent, Jetstar at 85.9 per cent and Tiger

Airlines

Virgin Blue’s new CEO John Borghetti will earn up to $3.5 million a year in his role, according to a release made to the Australian Securities Exchange. Borghetti will receive a $1 million base salary each year, as well as a short term incentive plan equivalent to the same amount as the base salary. In

Airlines

Virgin Blue, Qantas, Jetstar and Regional Express have been commissioned to provide travel services for the whole of Australian government, which is aiming to slash $160 million in travel costs over the next four years. Under the new arrangements, which will take effect from July1 this year, the four carriers will compete for their share

Airlines

Outgoing Virgin Blue CEO Brett Godfrey was farewelled by colleagues, key industry executives, political figures and media during a dinner at Sydney’s Ivy Room on May 5, shortly before his last official day as boss of the airline he co-founded with Sir Richard Branson 10 years ago. Key founding Virgin Blue executives including former deputy

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