Virgin Australia will regain full ownership of its Velocity Frequent Flyer loyalty program after selling a 35% stake to Affinity Equity Partners in 2014. Virgin will pay $700 million to buy back the stake in its profitable Velocity loyalty program – around double what Affinity paid for it five years ago. Virgin Australia yesterday confirmed … Continued
The Virgin Australia Group has posted a $315.4 million loss for the 2018-19 financial year. It’s the airline’s seventh consecutive full-year loss. Virgin Australia’s international operations and low-cost subsidiary Tigerair are particularly struggling. Virgin Australia lost $75 million on its international operations last financial year, following the end of its trans-Tasman alliance with Air New … Continued
There are three main aircraft types in the Virgin Australia fleet; the Boeing 737-800, Airbus A330-200 and Boeing 777-300ER. The Economy and Business class seats on each of these plane types are quite different. For example, Virgin Australia’s Business class seats range from recliners to lie-flat beds. On the Boeing 777-300ER, which is used for … Continued
Virgin Australia will bring back its seasonal flights from Newcastle to Auckland, despite filling just 54% of seats on the route last summer. In fact, Virgin Australia has announced a three-year deal with Newcastle Airport that will see the seasonal route running each summer until at least 2022. Virgin ran direct flights between Newcastle and … Continued
Velocity Frequent Flyer has launched a new points-earning partnership with ride-sharing service Ola. To celebrate, they’re giving away 1,000 free Ola rides to Australian airports tomorrow! Velocity members can earn 1 point per dollar on any Ola ride. This earn rate increases to 2 Velocity points per dollar when travelling to or from airports in … Continued