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Virgin puts the brakes on V Australia aircraft deliveries

30-Apr-2009

The global economic downturn has thrown another wrench into the gears of Virgin Blue’s long-haul international offshoot, V Australia. Virgin announced on 23-Apr-09 that it has delayed the delivery of V Australia’s fifth and sixth B777-300ERs, which were due to be delivered in 2010. The delivery of these aircraft has now been rescheduled to 2011 and 2012. [1323 words]

Unlock the following content in this report:

Subheadings:

  • Fares dive on trans-Pacific market
  • Group wide capacity readjustment
  • Getting connected: New international interlining agreements
  • Domestic expansion: New services to the North and South

Graphs and data:

  • Virgin Blue share price growth: Apr-08 to Apr-09
  • Virgin Blue passenger traffic growth (RPK) vs passenger capacity growth (ASK): Mar-08 to Feb-09
  • Australian domestic airfares: Apr-08 to Apr-09
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