iscoverVirgin Australia chief executive John Borghetti says the airline group is making good progress in efforts to cut costs and position the business for sustainable growth and profitability amid challenging market conditions. Borghetti told shareholders at the company’s annual general meeting in Brisbane on Wednesday there had been little change in market conditions since Virgin
Virgin Australia says it is focused on cost-cutting and “disciplined capacity management” after slumping to a 2016/17 first quarter loss amid a sluggish domestic market. On Wednesday, the airline group reported a statutory loss after tax of $34.6 million for the three months to September 30 2016, compared with a statutory profit after tax of
Alliance Aviation Services managing director Scott McMillan says the benefits of the proposed partnership with Virgin Australia should start flowing through later in 2016/17. In September, Virgin Australia Regional Airlines (VARA) and Alliance sought Australian Competition and Consumer Commission (ACCC) approval to work together in the charter market on joint tendering for corporate fly-in/fly-out (FIFO) contracts.
Virgin Australia’s 6.4 million Velocity frequent flyer members will be able to earn points and status credits from their supermarket shopping from today after the program linked up with the flybuys loyalty scheme. In broad terms, the Velocity-flybuys partnership mirrors the one between Qantas and the Woolworths Rewards scheme, with shoppers earning points from purchases
Virgin Australia was among several airlines unable to accept bookings on their respective websites for a number of hours on Tuesday morning (AEST) due to problems with Sabre’s Sabresonic reservation system. In a message on its website on Tuesday morning that has since been removed, Virgin said it experienced a “temporary technical issue”. This content
Air New Zealand is no longer a Virgin Australia shareholder after disposing of its remaining 2.5 per cent stake for A$65.7 million. On Wednesday, the company said in its monthly investor update for October the shares were sold in “off market transactions with investors, including Nanshan Group”. This content is available exclusively to Australian Aviation
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