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Virgin Blue zooms up 69% in two weeks - Asia Pacific airline share wrap

Virgin Blue CEO, Brett Godfrey
Virgin Blue CEO, Brett Godfrey

Intrepid investors that scooped up shares in Virgin Blue on 11 March at AUD0.16 are sitting on a 69% gain in just two weeks, as at yesterday's closing price. The carrier's shares put on another 22.7% on Tuesday to AUD0.27, as investors continue to become less risk averse.

V Australia's interline agreement with Delta on the Pacific route has also been welcomed by investors. Never has an interline deal been met with such enthusiasm!

Virgin Blue share price: 02-Jan-09 to 24-Mar-09

Elsewhere, Qantas shares gained 2%, while Air China and Thai Airways put in a good showing, rising 7.8% and 7.4%, respectively.

Asia Pacific selected airlines daily share price movements (% change): 24-Mar-09

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