iscoverVirgin Australia has posted a $83.7 million after tax loss for the first half of the 2014 financial year, despite a near six per cent increase in revenue to $2.22 billion. But despite the loss, and despite all the talk of capacity wars, the airline’s domestic operations, like Qantas’s and Jetstar’s domestic operations, are profitable,
The Virgin Independent Pilots Association (VIPA) has echoed comments by airline CEO John Borghetti last week criticising a government proposal to offer a debt guarantee to Qantas. In a February 26 statement, VIPA questioned Qantas’s “ongoing capacity dumping” in order to maintain its 65 per cent ‘line in the sane’ market share, saying Qantas “added
Qantas will end its codeshare agreement with South African Airways on May 31 covering services between Perth-Johannesburg and Sydney-Johannesburg. Qantas will retain its daily Sydney-Johannesburg service, but through its codeshare agreement with Emirates, the Australian airline will now direct its Perth passengers wanting to travel to South Africa onto Emirates services via Dubai. South African,
Usually mild-mannered Virgin Australia CEO John Borghetti has come out swinging in an interview about Qantas’s bid to receive a debt guarantee from the federal government. Speaking on ABC radio on February 18, Borghetti labelled proposals by the government to offer a debt guarantee to Qantas as “bizarre”, adding that “if it wasn’t so serious
Virgin Australia founder and shareholder, Sir Richard Branson, has taken out full page open letter advertisements in Australia’s Sunday newspapers on February 16 calling for the Australian government to not “prop up the Qantas Group.” Branson’s letter warns that “business people worldwide will think twice about investing in Australia” for fear of government intervention in
Federal Treasurer Joe Hockey has given the first indication that the Coalition government may be willing to step in to support Qantas. Speaking to Fairfax media on February 13, Hockey said that Qantas had requested the government provide a debt guarantee after the airline was downgraded by ratings agencies in December, and that the request
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
