MIXED RESULTS FOR VIRGIN

Written on the 2 July 2014

MIXED RESULTS FOR VIRGIN

ALL three Virgin Australia (ASX: VAH) divisions welcomed a rise in passengers for May, but the company reported mixed results on its available seats.

Passenger increased 2.5 per cent for Virgin Australia domestic operations, 10.8 per cent for international operations, and 12 per cent for Tigerair Australia.

By contrast, available seats decreased marginally by 0.6 per cent on the domestic front, increased slightly by 3.6 per cent for international operations, and increased significantly by 36.6 per cent for Tigerair.

VAH has reported that operations were “impacted by weak consumer sentiment in the domestic market”.

The company says Tigerair’s statistics were also impacted by the launch of a Brisbane base and five new routes.

Despite these figures, the total network welcomed a passenger revenue increase of 3.6 per cent compared to the same period last year.

Moreover, VAH has accrued higher passenger revenue this financial year to date compared to the prior corresponding period.

Passenger revenue has increased 4.1 per cent year on year.

 


Latest News

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

ACCODEX AIMS TO RAISE $5 MILLION CAPITAL, AWARD FOR CEO A CHERRY ON TOP

ACCOUNTANT Chris Hooper has never been one to shy away from voicing his opinion when it comes to the state of his ...

AVEO GROUP TO BUY BACK SHARES FOLLOWING MEDIA INVESTIGATION

FOLLOWING last night's Four Corners report which revealed accusations against Aveo Group (ASX: AOG) of financi...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

Related News

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter