Intense competition and increased capacity on Australian domestic routes has seen Virgin Australia’s profitability in the first half of the current financial slip by more than a half, so a statutory profit after tax of $23 million and an underlying profit before tax of $61 million. “Considering the aggressive competition and challenging economic environment, Virgin
Regional Express has used the announcement of a slump in profits for the first half of the 2012-13 financial by almost a third to launch an extraordinary assault on the federal government’s aviation regulatory imposts. “From the very first month of this FY, we are seeing the catastrophic impact the various draconian government policies are
Qantas will upgrade its fleet of 30 Airbus A330s and order five additional Boeing 737-800s, the airline announced today as it released its financial results for the first half of the fiscal year. The A330 upgrades, slated to begin in late 2014, will see the installation of lie-flat seats in business class, a refreshed economy
Compensation from Boeing for delays in the 787 program has helped Qantas more than double its after-tax profits despite a fall in earnings from its core domestic operations. Qantas posted a statutory profit of $111 million for the six months ending in December, up from $42 million in the first half of the previous financial
Jetstar Japan has accepted its first A320 fitted with ‘sharklets’, becoming the first Japan-based carrier to operate with the fuel-saving devices. ‘Sharklets’ are an option on new-build A320 Family aircraft and will be fitted as standard on all A320neo aircraft. The new wingtip devices measure 2.4 metres tall, replacing A320’s current wingtip fence. They add
Tiger Airways celebrated its 10 millionth passenger on February 19. The airline marked the occasion with a $10 fare sale on its most popular routes. Tiger’s commercial director Carly Brear said: “Tiger’s presence brings healthy competition and local economic benefits to Australia. 10 million passengers is a significant achievement. We would like to thank everyone
