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Virgin Australia Holdings Ltd (VAH.AX)

VAH.AX on Australia Stock Exchange

28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Virgin Australia updates on ACCC interim approval of proposed alliance with HNA
Monday, 20 Mar 2017 02:20am EDT 

Virgin Australia Holdings Ltd : ACCC interim approval of proposed alliance with HNA . Virgin Australia Group will announce further detail on route, on sale date and when flights will commence soon .ACCC is expected to make its final ruling in May/June 2017.  Full Article

Australian Competition & Consumer Commission says Jetstar and Virgin to pay penalties for breaches of Australian Consumer Law
Tuesday, 7 Mar 2017 01:26am EST 

Australian Competition & Consumer Commission- : Federal court ordered Jetstar Airways to pay $545,000 penalty and Virgin Australia Airlines to pay $200,000 penalty . Penalty for breaches of the Australian Consumer Law .Jetstar and Virgin’s ‘drip pricing’ conduct drew consumers into online purchase process with headline price, but failed to disclose additional charges.  Full Article

Virgin Australia announces flights to Hong Kong
Thursday, 16 Feb 2017 04:51pm EST 

Virgin Australia Holdings Ltd : Flights to Hong Kong and landmark alliance . Virgin Australia to operate from Australia to Hong Kong in first stage of proposed alliance . Virgin Australia announces flights to Hong Kong and landmark alliance agreement with HNA Aviation, Hong Kong Airlines and HK Express . As part of first stage of alliance, Virgin Australia plans to introduce flights between Australia and Hong Kong in mid-2017 . "Airlines are seeking interim authorisation of proposed alliance to enable introduction of these services" ."virgin Australia also plans to introduce direct flights between Australia and Mainland China in further stages of agreement".  Full Article

Virgin Australia says unable to provide guidance at this time
Thursday, 16 Feb 2017 04:51pm EST 

Virgin Australia Holdings Ltd :"Due to uncertainty in external market conditions, we are unable to provide further guidance at this time".  Full Article

Virgin Australia posts statutory loss after tax of $36.1 mln
Thursday, 16 Feb 2017 04:50pm EST 

Virgin Australia Holdings Ltd : HY statutory LAT attributable $36.1 million versus profit of $45.7 million . No dividends were declared or paid during half-year ended 31 december 2016 .HY revenue and income $2.63 billion versus $2.66 billion.  Full Article

Virgin Australia reports Q2 underlying profit before tax of $45.9 mln
Thursday, 2 Feb 2017 05:00pm EST 

Virgin Australia Holdings Ltd : Underlying profit before tax of $45.9 million for q2 of 2017 financial year . Expects virgin australia domestic business to generate underlying earnings before interest and tax margin of between 3 and 6 % for 2017 FY . Group's statutory profit after tax for q2 was $13.1 million . Qtrly group revenue load factor 81.3% versus 80.3% .Q2 group revenue passengers 6.3 million, up 3.2 %.  Full Article

Virgin Australia Holdings says Q1 group's statutory loss after tax for quarter $34.6 million
Tuesday, 1 Nov 2016 06:11pm EDT 

Virgin Australia Holdings Ltd : Q1 group's statutory loss after tax for quarter was $34.6 million . Group expects to deliver net free cash flow savings increasing to $300 million per annum by end of 2019 financial year . For quarter, group's total revenue passengers increased by 4.8 per cent . Cost per available seat kilometre for quarter decreased compared to prior corresponding period . Qtrly total available seat kilometres declined 0.5 per cent and total sectors flown declined 2.3 per cent on prior corresponding period . Qtrly revenue load factor improved by 2.0 points on prior corresponding period . Group has accelerated hedging program, with approximately 90 per cent of its expected fuel consumption hedged for 2017 financial year .Underlying loss before tax of $3.6 million for q1 of 2017 financial year, a decline of $12.1 million on prior corresponding period.  Full Article

Virgin Australia announces pricing of $350 mln senior notes due 2021
Sunday, 9 Oct 2016 05:38pm EDT 

Virgin Australia Holdings Ltd :Announced successful pricing of US$350 million aggregate principal amount of senior notes due 2021.  Full Article

Alliance Aviation Services announces partnership with Virgin Australia
Wednesday, 17 Aug 2016 06:38pm EDT 

Alliance Aviation Services Ltd: Alliance Aviation Services Ltd - alliance and Virgin Australia partnership . Alliance aviation services-alliance and Virgin Australia regional airlines will form a charter partnership to jointly grow their charter businesses . Alliance aviation services-existing charter contracts will remain with their current operator,with all new contracts to be operated under charter partnership . Deal includes, but is not limited to, aircraft procurement, spare parts pooling, maintenance, ground handling services .  Full Article

Singapore Airlines updates on change in shareholding in Virgin Australia
Thursday, 4 Aug 2016 05:15am EDT 

Singapore Airlines Ltd : Change in shareholding in associated company - Virgin Australia Holdings Limited . Co's holding of the issued ordinary shares in capital of Virgin Australia has increased from approximately 20.09 per cent to 20.85 per cent . Says refers to the announcement dated 2 August 2016 released by its associated company .  Full Article

More From Around the Web

Virgin Australia unveils Australia-Hong Kong flights, opening China route

SYDNEY, March 21 Virgin Australia Holdings Ltd , the country's No. 2 airline, said it would run five return flights a week between the city of Melbourne and Hong Kong, making good on previously disclosed plans to tap the lucrative Chinese travel market.