Virgin Blue - Full Year Results

Andrew M · #1 26th August 2010, 09:46 AM

Lots to talk about in this one!

The financial results aside

V Australia will withdraw from its loss making Boeing 777-300 services to South Africa and Phuket.

Will operate 2 weekly Sydney to Abu Dhabi and 3 weekly Brisbane to Abu Dhabi services from Feb 2011.

Returning 6 E170's during FY11

Lots of other info that others can add, but these 3 caught my attention.

Taking on the big boy (Emirates) by flying to Abu Dhabi... Again not a good idea, much like Fiji, South Africa and Phuket with their 777 really. However, what will save them is IF the ACCC allow them to "share customers"

Brad Myer · #2 26th August 2010, 10:34 AM

Good news for Virgin!

Also good news for QF/JQ with no more V Aust on the Phuket and Joberg routes.

Good to see Virgin/Etihad giving Emirates a run for their money on the Australia-Middle East-Europe run.

Thanks

Garry Emanuel · #3 26th August 2010, 01:20 PM

Short-lived tie-up between QF and Etihad. Wonder how QF will fill that void - Qatar Airways ?

Oliver Gigacz · #4 26th August 2010, 02:34 PM

Qatar only fly to Melbourne, Unless they start flying to Sydney very soon I doubt we will see a codeshare between them.

Is there a PDF we can download of there full year results?

Dave Dale · #5 26th August 2010, 02:49 PM

Yes, at the ASX website under company code VBA.

Dave

Oliver Gigacz · #6 26th August 2010, 04:16 PM

According the report...

Virgin have 69 B737NGs on order including 700,800 and 900 variants.

Six lease returns of B737s with options for three more (I think they will be the early B737-700s).

Within 12 months, 3 more E190s.

Chris W · #7 26th August 2010, 06:04 PM

Will this mean an exit from ABX?

JamesW · #8 26th August 2010, 06:15 PM

No not necessarily condsidering they took a E190 up to PMQ a few weeks ago when they were short out on E170's due to the maintenance issues(no engine etc.) ABX's runway is nearly 300m longer than PMQ's.

Chris W · #9 26th August 2010, 08:26 PM

I was thinking more from a demand point of view and an E190 possibly being a saturation of seats on the route.

Mick F · #10 26th August 2010, 08:32 PM

Does anyone else see some similarities between where Virgin is going (737, E190, 777, A330), and where Ansett was just before they folded (multiple different types)?

Mick