.
Australia’s second largest carrier, Virgin Blue Holdings Limited (ASX:VBA), looks well-positioned to benefit from the current turbulence impacting Qantas Airways Limited (ASX:QAN)
Virgin Australia again stated over the weekend that it will add more services in response to Qantas grounding its entire domestic and international fleet on Saturday.
The updated plans came just days after Virgin said it would boost capacity by up to 40,000 seats in the lead up to the busy holiday period.
Virgin says it is also working on its alliances with Singapore Airlines, Etihad Airlines, Air New Zealand and Delta in an effort to add more planes and capacity.
Early this morning Fair Work Australia ordered industrial action to stop and for Qantas to reverse its planned lockout of workers.
In the 2011 financial year Virgin Blue posted a net loss of $67.8 million, but flagged an improved performance for the year ahead.
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Last
$8.77 |
Change
-0.010(0.11%) |
Mkt cap ! $11.27B | |||
| Open | High | Low | Value | Volume |
| $8.75 | $8.84 | $8.74 | $36.43M | 4.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17986 | $8.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.78 | 7229 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| QAN (ASX) Chart |
