Business
Virgin Blue set to decide on US flights
Tuesday October 24, 2006
SYDNEY - Low-cost carrier Virgin Blue says it is well positioned to deliver further value and expects to make a decision soon on whether to begin long-haul flights to the United States.
Chairman Mark Rowsthorn also told shareholders at the airline's annual general meeting in Brisbane that it was taking more action on the management on its fuel costs.
"At this stage, progress is encouraging and we expect to be in a position to make a decision on long-haul USA flights fairly shortly," he said.
"The company's board of directors has resolved that no dividend will be declared or paid at this time," Rowsthorn said.
"[However], the board has resolved to review the dividend policy and this is currently under way."
- AAP