Virgin Blue

Virgin Blue Holdings (VBA)

Wed, 01/07/2009 - 10:29

Stock Code

VBA

Stock Exchange

Australian Securities Exchange

Virgin Blue Holdings (VBA) operates in the transportation industry providing airline travel services primarily in Australia. The Company engages in the operation and development of the Virgin Blue group of companies which include Virgin Blue, Pacific Blue (Aust), Pacific Blue (NZ), Polynesian Blue and V Australia. Virgin Blue Holdings listed on the Australian Stock Exchange on 8th December, 2003. Virgin Group has a majority shareholding in the Company.

Virgin Blue Profitable


Budget airline carrier Virgin Blue (VBA) posted a better than expected profit for the first half of the financial year, reporting a net profit of $62.5 million (compared to the corresponding period in 2008 where VBA lost $101 million). No interim dividends for Virgin Blue.

ACCC Okays Virgin-Delta Joint Venture Deal


Australian Competition and Consumer Commission gave Virgin Blue (VBA) the approval to go for operating the Pacific route through a joint venture with US based Airline giant Delta Airways. The decision came from ACCC after the plan got approval from the US Department of Transportation last month allowing the two airlines to sign a joint services agreement.

Virgin Blue Faces Tough Competition in Pacific Route


V Australia, the long-haul carrier of Australia based travel Service Company Virgin Blue (VBA) has highlighted the tough competition that it is currently facing on the pacific route as it recorded a $124 million pre-tax loss for the first four months of operation. The pre-tax loss includes foreign exchange losses and startup cost-which are considered as the key causes that led its parent to post a $160 million loss for the year that ended in June.

Toll Holdings to Exit Its Stakes in Virgin Blue


Toll Holdings, the largest shareholder in Australia's second largest Airline, Virgin Blue Holdings plans to scrape its majority stakes in the airlines. Virgin Airlines is also Australia's biggest freight carrier owned by Virgin Group. Toll shall offload its holdings via a special dividend scheme according to which Toll shareholders shall get one share of Virgin Blue for every Toll share they own.

Australian Market Preview


Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

Record Oil - The Impact of Black Gold

Australian Listed Airline Companies


Qantas (QAN) and Virgin Blue (VBA) are two airline companies listed on the Australian Stock Exchange (ASX). Stock analyst, Macquarie Research Equities (MRE) have noted the dramatic decline of the oil price as of late. This is a positive catalyst for airline companies with oil comprising about 30 percent of an airline company's cost base. MRE have updated their QAN and VBA forecasts in light of this recent trend in the oil price.

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