|Bid||0.1550 x 0|
|Ask||0.1600 x 0|
|Day's Range||0.1550 - 0.1650|
|52 Week Range||0.1500 - 0.2300|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Restrictions on MacBook Pro laptops on flights spread, with Qantas Airways Ltd. barring some models from checked-in luggage on concern that batteries could catch fire.All 15-inch versions of Apple Inc.’s MacBook Pro must be carried in the cabin and switched off, Qantas said in a statement Wednesday. The rule went into effect Tuesday morning. Rival Virgin Australia Holdings Ltd. went further on Aug. 26, banning all Apple laptops from checked-in luggage.Australia’s two biggest airlines join a growing list of carriers and jurisdictions across the world cracking down on the portable computers out of concern some could self-combust.The models in question are some 15-inch MacBook Pros sold from September 2015 to February 2017. Apple issued the recall in June, saying “in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk.”Singapore Airlines Ltd. and Thai Airways International PCL have already stopped passengers from taking any of the affected models on their aircraft.The U.S. Federal Aviation Administration earlier this month said it alerted major U.S. airlines about Apple’s recall. The FAA reminded airlines to follow 2016 safety instructions for goods with recalled batteries, which means the affected Apple laptops should not be taken on flights as cargo or carry-on baggage.The European Union Aviation Safety Agency issued its own warning about these MacBook Pro models on Aug. 1.While there have been repeated incidents of phones, laptops and other devices overheating and catching fire in planes’ passenger compartments, a fire hasn’t ever gone out of control. There have been at least three accidents, two of them fatal, on cargo airlines since 2006 in which lithium batteries were suspected of causing fires.To contact the reporter on this story: Angus Whitley in Sydney at email@example.comTo contact the editors responsible for this story: Young-Sam Cho at firstname.lastname@example.org, Reed Stevenson, Angus WhitleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The company, which also appointed a new finance chief, said it will integrate the corporate, operational and commercial functions of Virgin Australia Airlines, Virgin Australia Regional Airlines and Tigerair Australia into "single functions and points of accountability". "Today’s financial results tell us loud and clear that we need to reduce costs," Chief Executive Officer Paul Scurrah said in a statement. Virgin appointed Keith Neate, a former executive vice- president and chief financial officer of Aurizon Holdings, as its new CFO.
Investing.com - Asian markets were mixed in morning trade on Wednesday. An inversion of the U.S. Treasury yield curve sparked some concerns, while the latest developments on the Sino-U.S. trade war remained in focus.
Shareholders will press Virgin Australia Holdings' new CEO Paul Scurrah to present a robust strategic plan on Wednesday, when the airline is expected to report its seventh consecutive annual loss, on top of $1.2 billion worth of red ink over the previous six years. With shares trading near all-time lows, Scurrah's options include cutting costs, restructuring management, rebranding its underperforming budget carrier Tigerair Australia, ending loss-making flights to Hong Kong and tightening control over the loyalty division, seven current and former managers told Reuters on condition of anonymity. Borghetti transformed the former budget airline into a more serious rival to his former employer, Qantas Airways Ltd, for lucrative corporate traffic, but in doing so he sometimes made hasty decisions that proved costly for Virgin in the long term, five of the people said.
Shareholders will press Virgin Australia Holdings' new CEO Paul Scurrah to present a robust strategic plan on Wednesday, when the airline is expected to report its seventh consecutive annual loss, on top of $1.2 billion worth of red ink over the previous six years. With shares trading near all-time lows, Scurrah's options include cutting costs, restructuring management, rebranding its underperforming budget carrier Tigerair Australia, ending loss-making flights to Hong Kong and tightening control over the loyalty division, seven current and former managers told Reuters on condition of anonymity. Borghetti transformed the former budget airline into a more serious rival to his former employer, Qantas Airways Ltd , for lucrative corporate traffic, but in doing so he sometimes made hasty decisions that proved costly for Virgin in the long term, five of the people said.
SINGAPORE/SYDNEY, July 11 (Reuters) - Virgin Australia Holdings Ltd said on Thursday that Affinity Equity Partners is seeking to exit its 35% minority stake in the carrier's Velocity frequent flyer programme, five years after its A$335 million ($233 million) purchase. Australia's second-largest airline said that it intended to stay a majority investor in Velocity, which competes with the larger Qantas Airways Ltd frequent flyer programme for Australian customers.
Virgin Australia Holdings said on Tuesday it would delay taking the first deliveries of Boeing Co 737 MAX jets for nearly two years to reduce capital spending and give it time to be satisfied with the model's safety. New chief executive Paul Scurrah, who started his role five weeks ago, said the agreement with Boeing to delay the planned arrival of around 15 planes would give the carrier greater spending flexibility and could boost its credit rating. "It was certainly the first priority I walked into the business with when I got here," he told Reuters of the order delay in a phone interview.
Feb 13 (Reuters) - Virgin Australia Holdings Ltd: * GROUP REVENUE IN 3Q19 IS EXPECTED TO GROW BY AT LEAST 7 PER CENT ON PRIOR CORRESPONDING QUARTER * H1 GROUP UNDERLYING PROFIT BEFORE TAX $ 112.3MLN, UP ...
After a six-month international search, Virgin Australia has announced Paul Scurrah as successor to CEO John Borghetti who steps down on March 25. Scurrah, who has more than 20 years’ experience in transport, logistics, travel, and aviation, was an unexpected selection, with industry insiders earlier tipping internal Virgin candidates Rob Sharp and Merren McArthur as […] The post Virgin Australia Appoints Tourism Veteran as New CEO appeared first on Skift.
The Qantas Group on Friday confirmed that it had taken a 19.9 percent stake in Brisbane-based charter operator Alliance Airlines. The purchase appears to have taken the successful charter operator by surprise, with Alliance telling the Australian Stock Exchange that “the Board has not received any approach from Qantas.” Qantas spent $44 million (A$60 million) […] The post Why Qantas’ Surprise Stake in Alliance Worries Virgin appeared first on Skift.
Singapore Airlines Ltd (SIAL.SI) on Tuesday reported an 81 percent plunge in second-quarter earnings, hurt by higher fuel prices, lower airfares and non-cash losses at its part-owned Virgin Australia Holdings Ltd (VAH.AX). The airline said bookings in the coming months were expected to be stronger year-on-year. "However, headwinds continue to persist in the form of cost pressures arising from significantly elevated fuel prices compared to a year ago, as well as keen competition in key operating markets," Singapore Airlines said in a statement.