Who’s your daddy? Virgin Blue falls back to earth
The mid-Jul-08 announcement by Toll Holdings to offload its stake in Virgin Blue (in the form an “in specie dividend” to shareholders), combined with a 24% reduction in the oil price put a rocket under Virgin Blue’s shares. The stock more than doubled in a month, before thudding back to earth with this week’s profit announcement and forecast of a very challenging outlook for 2008/09. The carrier’s high-flying margins have fallen and it has admitted it will be hard pressed to break even in the current financial year.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.