Virgin Blue uncertain on outlook | Australian Frequent Flyer
Australian Frequent Flyer

Welcome to Australia's leading independent Frequent Flyer and Travel Resource since 1998!
Our site contains tons of information that will improve your travel experience.

Joining AFF is fast, simple & absolutely free - register now and take immediate advantage of these great BENEFITS.

Once registered, this box will disappear. And you will see fewer advertisements :)

Virgin Blue uncertain on outlook

Status
Not open for further replies.

alien

Member
Joined
Nov 6, 2002
Messages
281
Flights
My Map
http://www.theage.com.au/news/Breaking-News/Virgin-Blue-uncertain-on-outlook/2004/11/17/1100574508006.html

November 17, 2004

Discount airline Virgin Blue has reported a slight drop in net profit for the first half of 2004/05 and says its outlook remains uncertain.

Virgin Blue posted a 1.8 per cent drop in net profit to $63 million for the half year ended September 30, 2004.

Revenue was up 27.6 per cent to $786.9 million.

Virgin did not declare a dividend for the period.

In commentary on its performance Virgin Blue said weakened yields, record fuel prices and increased domestic competition had overshadowed the introduction of new capacity.

"The outlook remains uncertain," Virgin Blue said.

"Yield is expected to remain under pressure and below last year's levels.

"While fuel continues to be volatile and at record prices, Virgin Blue remains exposed to further increases in fuel prices that may not be recoverable through fare increases."

Virgin Blue said it carried more than six million passengers in the half year, an increase of 39 per cent on the first half of 2003/04.

Full article can be read by clicking the link above
 
Status
Not open for further replies.

AFF on Air Podcast

  • Summer in Europe – AIR021
    Sat, 05 Oct 2019 17:28:53 AEST
      Qantas and Virgin Australia are fighting over two rare and lucrative new landing slots for Tokyo's Haneda Airport. Meanwhile, four European airlines have gone bankrupt in ...
  • Are Loyalty Programs a Scam? – AIR020
    Sat, 21 Sep 2019 08:36:18 AEST
      The ACCC recently released a damning draft report into Australian loyalty schemes, calling out practices that it says may shock consumers and putting loyalty program opera ...
  • Air Chathams – AIR019
    Sat, 07 Sep 2019 16:41:06 AEST
      With less than two weeks until the upcoming Qantas Frequent Flyer changes, now is the time to make any last-minute Classic Flight Reward bookings! In this episode, Matt ch ...
  • Project Sunrise – AIR018
    Sat, 24 Aug 2019 16:12:31 AEST
      Later this year, Qantas will decide which aircraft it will use to operate non-stop flights from the east coast of Australia to London and New York - a feat it aims to achi ...
  • Choosing a Rewards Program – AIR017
    Sat, 10 Aug 2019 13:32:24 AEST
      If you're new to the world of frequent flyer points - or moving to a new country - it can be difficult to know where to start. In this episode, Matt discusses the consider ...

Community Statistics

Threads
83,231
Messages
1,932,432
Members
50,852
Latest member
Lyn Rigg
Top