- American City Business Journals•11 minutes ago
Virgin Australia Holdings is deferring delivery of the first group of 40 Boeing 737 Max 8 jets to 2019. The airline is delaying delivery of five to ten of the Renton-made jets, according to sources familiar with the Boeing Commercial Airplanes deal who were not authorized to disclose the contract terms or the deferrals. Boeing Co. and Virgin Australia declined to provide a number.
- Reuters•5 days ago
Virgin Australia Holdings Ltd on Friday said it would defer the delivery of new Boeing Co 737 MAX aircraft for at least a year as it continues to battle against tough demand conditions in the domestic aviation market. Virgin Chief Executive John Borghetti said the capital cost of buying the new aircraft for Australia's second-largest airline "far outweighs" savings on offer from operating more fuel-efficient planes given the oil price was relatively low. Borghetti declined to say how many 737 MAX deliveries would be affected, but a person with knowledge of the situation told Reuters it was between five and 10 aircraft.
- Reuters•5 days ago
Virgin Australia Holding Ltd on Friday posted a 48-percent fall in first-half underlying pre-tax earnings and deferred the delivery of new Boeing Co 737MAX aircraft after airfares tumbled due to tough conditions in the domestic aviation market. Australia's second-biggest airline reported an underlying profit before tax of A$42.3 million ($32.55 million) for the six months ended Dec. 31, compared with A$81.5 million in the year-earlier period. Australia's domestic aviation market has been subdued for the past year due to weak demand for flying from corporate customers, including mining companies, as well as government travelers.
VAH.AX : Summary for VIRGIN AUS FPO - Yahoo Finance
Virgin Australia Holdings Limited (VAH.AX)
ASX - ASX Delayed Price. Currency in AUD
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|Day's Range||0.19 - 0.19|
|52 Week Range||0.19 - 0.47|
|PE Ratio (TTM)||-2.64|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|