Qantas name will survive but low-cost fares are over
As the dust of more job losses, grounded planes and additional capacity cuts starts to settle on the worn tarmac of the aviation industry, three clear things have begun to emerge from the gloom.
Australia's Virgin Blue airline to withdraw 2 aircraft, introduce baggage fees
Australian airline Virgin Blue Holdings Ltd. said Friday it would introduce new baggage fees and withdraw two aircraft from service, its second capacity cut in a month in response to rising fuel costs.
Qantas slashes 1500 jobs
CHRIS ZAPPONE The airline cuts 4% of its job force, including its Jetstar cabin crew base in Adelaide.
Qantas-Singapore marriage unlikely
A much happier partnership would appear to be between Singapore and Virgin.
A year on, small joy for Qantas
It is doubtful many Qantas shareholders will celebrate the first anniversary of the collapse of the $11.1 billion bid for the carrier.
A lesson in how to fly by the seat of...
If spinning off Asciano was Paul Little's master stroke, failing to bale out of Virgin Blue was his biggest miss.
Missing - a bank to help out
Several Australian corporates have been engaged in a juggling act worthy of a Cirque du Soleil performer.
06/05/08
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Virgin heads for red
A broker warns Virgin Blue is not only losing money but could need an injection of funds if fuel prices remain at current levels.
Dispute fizzles after a fashion
Commemorations to mark the 10th anniversary of the Great Waterfront Dispute have again been disrupted after Qantas engineers called off a four-hour stoppage.
Australian stocks hit 32-month low
The Aussie stock market was languishing at a 32-month low at noon as fears of slowing global growth lowered commodity prices and hammered the resources sector.
ASX marginally in the red
The ASX was marginally in the red at noon, with gold stocks heavily sold off for the second consecutive day on the back of a falling gold price.
Asciano rebuffs $2.9b privateers' offer
ASCIANO has wasted little time in rebuffing a $2.9 billion advance from a consortium led by Texas Pacific Group.
08/04/08
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Top shareholder exits Virgin Blue
The biggest shareholder in Australia's second-largest airline is to offload its stake in the carrier to reduce exposure to the ailing industry.
07/14/08
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Stocks under pressure after US falls
The share market is expected to open lower after Wall St fell over 1% on Friday.
Virgin cuts routes, raises fares
Virgin Blue will cut some domestic routes and raise fares in the face of rising fuel costs.
Petrol prices erode profits
Skyhigh petrol prices will soon be felt not only at the bowser, with earnings expected to be downgraded as margins are squeezed.
Main shareholder in Australia's Virgin Blue airline to dump stocks via special dividend
The major stockholder in Australia's second-largest airline said Monday it would dispose of almost all of its shares, cutting its exposure to an industry that is recoiling from soaring fuel prices.
Investors drive up stocks as cheaper oil restores faith
INVESTORS yesterday regained some faith in financial stocks and in companies that are heavy users of oil, helping the sharemarket to a welcome rise from an almost two-year low on Tuesday.
Virgin Blue shares plunge after...
Shares of Virgin Blue Holdings Ltd., Australia's second-largest airline, plunged to a record low Monday after the company dropped its annual profit forecast due to rising fuel...
Virgin Blue stocks slump to record low
Shares in Virgin Blue Holdings plummeted to a record low on Monday after the carrier issued a profit warning late on Friday.
Toll stuck with Virgin for now
VIRGIN BLUE'S controlling shareholder, Toll Holdings, remains intent on selling its stake in the airline in the longer term despite the failure of an almost year-long hunt for...
ASX buoyed by earnings results
The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
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Branson Stands Pat With Unit
Virgin Blue founder Richard Branson said he is happy with his 25.5% stake in Australia's second-largest airline, as the carrier finalizes plans to fly between Australia and the...
Virgin Blue H1 net profit dives
Virgin Blue Holdings has posted a fall in first half profit as higher fuel costs and increased competition continued to affect the carrier's business.
Hunt for Virgin Blue buyer
VIRGIN BLUE's majority owner Toll Holdings is considering re-privatising the carrier after efforts to sell its 62.7 per cent stake were frustrated by the airline's rapidly...