Virgin Australia

As one of Australia’s leading airlines, Virgin Australia is a favourite among frequent flyers. Its Velocity Frequent Flyer program is also highly popular, offering members fantastic opportunities to earn and redeem points for flights, upgrades, and more. Discover tips, guides, and insights below to make the most of flying with Virgin Australia and leveraging the benefits of the Velocity Frequent Flyer program.

Velocity Frequent Flyer Valuation Slashed By Two-Thirds

Velocity Frequent Flyer Valuation Slashed By Two-Thirds

The equity value of Virgin Australia’s Velocity Frequent Flyer loyalty program has been slashed by two-thirds in just a year, according to an independent report commissioned by Virgin’s administrators and presented to the federal court. In the report, FTI Consulting valued Virgin’s loyalty business at between $640 million and $704 million. That’s compared to a … Continued

29 Oct 2020 Virgin Australia
Virgin Australia 737 takeoff

Virgin Australia Flight Credits Useless to Overseas Residents

More than 300,000 Virgin Australia customers have now received Future Flight credits for cancelled flights. But many Virgin customers have complained they would have preferred a refund. This is especially the case for customers that had purchased expensive international business class tickets, and now have Future Flight credits worth thousands of dollars that can only … Continued

28 Oct 2020 Virgin Australia
Virgin Australia Holidays is Closing Down

Virgin Australia Holidays is Closing Down

Following the demise of Tigerair, another of Virgin Australia’s businesses is being permanently shut down as the fallout from COVID-19 sadly continues. Virgin Australia Holidays will be closed from 31 October 2020, bringing an end to Virgin Australia’s Mystery Breaks, AFL Travel and Supercars Travel Packages. Launched in 2003 by then Virgin Blue as “Blue … Continued

23 Oct 2020 Virgin Australia

How to Use Virgin Australia “Future Flight” Credits

Update: Virgin Australia Future Flight credits were previously valid for bookings made until 31 July 2022, for travel until 30 June 2023. However, their validity has since been extended. Future Flight Credits are now valid for bookings made until 31 December 2023, for travel until 31 December 2023. Virgin Australia has converted the “conditional credits” held … Continued

22 Oct 2020 Virgin Australia
Virgin Australia CEO Paul Scurrah has been shown the door by Bain Capital

The Axe is Falling on Virgin Australia

In a few weeks, Virgin Australia will come out of voluntary administration. But its future remains far from certain, following extraordinary revelations CEO Paul Scurrah will leave the organisation as soon as Bain Capital takes full control of the company in early November. Replacing Scurrah is former Jetstar CEO Jayne Hrdlicka, who is reportedly feared … Continued

15 Oct 2020 Virgin Australia
Velocity Cuts Some Partner Airline Benefits

Velocity Cuts Partner Airline Benefits

Virgin Australia’s Velocity Frequent Flyer program has permanently removed some of the benefits offered to frequent flyers when travelling with international partner airlines. Upgrades and lounge access are among the tier benefits axed when flying with some partner airlines. Although Velocity Frequent Flyer only announced these cutbacks yesterday, its website states that they came into … Continued

15 Oct 2020 Virgin Australia
There will be minimal changes to the interior of the ex-Virgin 737s

30% Off Velocity Business Reward Seats & Upgrades

Until 11 January 2021, you can get a 30% discount when redeeming Velocity Frequent Flyer points for Virgin Australia flights in Business class. You can also now get a 30% discount when using Velocity points to upgrade to Business class on Virgin Australia flights. The 30% discount applies to the points required (but not taxes … Continued

8 Sep 2020 Virgin Australia
Virgin Australia Sale to Bain Capital Approved

Virgin Australia Sale to Bain Capital Approved

Virgin Australia creditors have voted to approve the proposed sale to Bain Capital at a virtual meeting. Under the Deeds of Company Arrangement (DOCA) recommended by Virgin’s administrators, Virgin employees and secured creditors will receive 100% of their owed entitlements. Unsecured bondholders, meanwhile, will only receive approximately 9-13 cents per dollar owed. But the administrator … Continued

4 Sep 2020 Virgin Australia