- Dec 6, 2004
www.smh.com.au said:Virgin Blue could be back in the money
By Scott Rochfort
January 24, 2006
There is growing optimism Virgin Blue finally may start living up to the hype of its champagne-soaked December 2003 stockmarket debut.
Although still well shy of their $2.25 listing price, the airline's shares yesterday surged 10c to $1.635 in heavy trade in a generally weaker market amid speculation it may provide signs of a profit turnaround at its February 7 annual meeting.
An ambiguously worded statement put out by Virgin Blue's 62.4 per cent owner Patrick Corp on Friday gave the strongest hint yet the airline might have bucked its post-float profit slump.
Full story here.