Merged: Virgin Blue Share Price - how low can it go and for how long?
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Needabiggerhammer:
The greatest thing to happen to Australian aviation, or the greatest thing to happen to DJ? Important to clarify. After all, DJ did get AN's large, aerobridge fitted terminals, ground support equipment, Golden Wing Lounges - and most importantly, a nice slice of AN's market share almost overnight as a result of it's collapse, (maybe with the exception of YSSY's T2) - all handed on a golden platter.
I understand your comments are not intended in a negative way towards AN's sixteen thousand workforce, nor is DJ responsible for AN's death or the trauma that AN's people went through - but perhaps the respectful thing to do as a beneficiary of that death is to be the bigger person, smile graciously, consider the fortunes reaped as a result of its passing an absolute (pardon the pun) blessing, and move on.
It's gone, it's dead and it is well and truly burried thank god. The greatest thing to happen to Australian aviation was the demise of AN
I understand your comments are not intended in a negative way towards AN's sixteen thousand workforce, nor is DJ responsible for AN's death or the trauma that AN's people went through - but perhaps the respectful thing to do as a beneficiary of that death is to be the bigger person, smile graciously, consider the fortunes reaped as a result of its passing an absolute (pardon the pun) blessing, and move on.
As someone affected by that sad day in Sept 2001, I think some clarification is in order NBH.
Yes, at least twice as many Aussies are flying domestically now as compared to 10 years ago, and the cost is approxiamately half! Great news for the travelling public and the economy. some would argue that on that basis alone the cost was worth it. However...
DJ did not benefit greatly by the demise of Ansett, it owes it's existance to it !
The cost to Australian pilots has been huge. Pay for ratings (uniforms, documentation, carparking etc.. for Tiger!!!), significant lowering of Wages and Conditions, and an abandonment of the profession by an entire generation of young hopefulls. On the last count, CPL's issued to Australian pilots over the last decade have reduced to only 10% of previous levels. Why? Because flying is now common place, and the pot at the end of the rainbow is now filled with silver (if you're lucky) instead of gold!
So, before you start jumping to the defence of this brave new world that DJ has pioneered, spare a thought for the consequences. The game has not run it's course just yet, and if DJ are not carefull they just may end up repeating the mistakes of the past. Usually happens when corporate memory is replaced by fluff and arrogance!
Yes, at least twice as many Aussies are flying domestically now as compared to 10 years ago, and the cost is approxiamately half! Great news for the travelling public and the economy. some would argue that on that basis alone the cost was worth it. However...
DJ did not benefit greatly by the demise of Ansett, it owes it's existance to it !
The cost to Australian pilots has been huge. Pay for ratings (uniforms, documentation, carparking etc.. for Tiger!!!), significant lowering of Wages and Conditions, and an abandonment of the profession by an entire generation of young hopefulls. On the last count, CPL's issued to Australian pilots over the last decade have reduced to only 10% of previous levels. Why? Because flying is now common place, and the pot at the end of the rainbow is now filled with silver (if you're lucky) instead of gold!
So, before you start jumping to the defence of this brave new world that DJ has pioneered, spare a thought for the consequences. The game has not run it's course just yet, and if DJ are not carefull they just may end up repeating the mistakes of the past. Usually happens when corporate memory is replaced by fluff and arrogance!
DJ did not pioneer this crap, they merely followed the lead of National Jet, absolute crap wages and conditions payed to former Military Officers who could afford it because they had fat Military pensions as well to live on.
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Virgin close to resolution over Blue dispute - National News - National - General - The Independent Weekly
Virgin close to resolution over Blue dispute
JULIAN LEE
6/11/2009 8:43:00 AM
A long-running dispute between Sir Richard Branson's Virgin empire and his Australian offshoot, Virgin Blue, over the use of the Virgin name is nearing an end.
The two have been in ''negotiations'' for nearly two years about whether Virgin Blue has the rights to slap the V Australia brand, the name of its trans-Pacific airline, on a wide variety of goods.
Virgin Blue wants to be able to use the name for everything from magazines and financial services to entertainment and mobile phones.
But Sir Richard's British holding company, Virgin Enterprises, has mounted stiff opposition to Virgin Blue's plans, despite the knight owning 26 per cent of the carrier.
The Virgin group says it is "protecting itself" from any potential misuse of its brand should it decide to sell down its stake in any of its Australian businesses.
At the heart of the dispute is an agreement between the Virgin group and Singapore Airlines, the two principal shareholders in the British-based trans-Atlantic service, Virgin Atlantic. That agreement prohibits the use of the Virgin name outside Australia. It has already forced Virgin Blue to adopt the name Pacific Blue for its short-haul international carrier.
A Sydney spokeswoman for Sir Richard's Virgin Management said negotiations were due to be finalised "within the next two to three weeks" but she was unclear as to which party would come away with the spoils. She said Virgin's opposition was a formality.
"There's no longer any ownership in Virgin Mobile but we still need to put in a licensing agreement for the brand. If that wasn't in place, then it would really be out of our control.
"You need to protect yourself for the future in the way that you are represented."
V Australia is regarded as a Virgin entity because of Sir Richard's support in the venture and is therefore treated much the same way as any other Virgin brand name.
Trevor Choy, an intellectual property lawyer, does not buy Virgin's story. ''If their story was correct, they would sort it out internally. A few phone calls, a few cups of coffee. But here they have deliberately chosen to fight in an external arena - through the opposition process.
JULIAN LEE
6/11/2009 8:43:00 AM
A long-running dispute between Sir Richard Branson's Virgin empire and his Australian offshoot, Virgin Blue, over the use of the Virgin name is nearing an end.
The two have been in ''negotiations'' for nearly two years about whether Virgin Blue has the rights to slap the V Australia brand, the name of its trans-Pacific airline, on a wide variety of goods.
Virgin Blue wants to be able to use the name for everything from magazines and financial services to entertainment and mobile phones.
But Sir Richard's British holding company, Virgin Enterprises, has mounted stiff opposition to Virgin Blue's plans, despite the knight owning 26 per cent of the carrier.
The Virgin group says it is "protecting itself" from any potential misuse of its brand should it decide to sell down its stake in any of its Australian businesses.
At the heart of the dispute is an agreement between the Virgin group and Singapore Airlines, the two principal shareholders in the British-based trans-Atlantic service, Virgin Atlantic. That agreement prohibits the use of the Virgin name outside Australia. It has already forced Virgin Blue to adopt the name Pacific Blue for its short-haul international carrier.
A Sydney spokeswoman for Sir Richard's Virgin Management said negotiations were due to be finalised "within the next two to three weeks" but she was unclear as to which party would come away with the spoils. She said Virgin's opposition was a formality.
"There's no longer any ownership in Virgin Mobile but we still need to put in a licensing agreement for the brand. If that wasn't in place, then it would really be out of our control.
"You need to protect yourself for the future in the way that you are represented."
V Australia is regarded as a Virgin entity because of Sir Richard's support in the venture and is therefore treated much the same way as any other Virgin brand name.
Trevor Choy, an intellectual property lawyer, does not buy Virgin's story. ''If their story was correct, they would sort it out internally. A few phone calls, a few cups of coffee. But here they have deliberately chosen to fight in an external arena - through the opposition process.
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This looks like good news . . . hopefully the industry has turned the corner?
Virgin Blue's Godfrey trumpets recovery
Airline Transport World
Tuesday December 1, 2009
Virgin Blue CEO Brett Godfrey told shareholders that the airline is back in the black after a difficult period at the beginning of 2009 and now is forecasting a profit for the fiscal year ending June 30, 2010.
"We are currently profitable again," he told the airline's annual general meeting in Brisbane. "We expect that if the market continues as it is at the moment we'll be able to maintain that guidance through to June 30 [2010]."
Godfrey said Blue has enjoyed a 20% growth in higher-yield corporate and government business, and that despite initial setbacks its V Australia long-haul subsidiary is recording loads of 75%. He added that the group sees no reason to alter its original prediction that V Australia would be profitable within 18 months of its February 2009 launch.
In August, Virgin Blue Holdings blamed the tough operating environment, one-off charges and nonrecurring costs for a A$160 million ($144 million) loss in the 2008-09 fiscal year, the company's worst-ever result and a reversal from the A$97.7 million surplus reported the prior year (ATWOnline, Aug. 28).
The airline has started recruiting its next CEO, with Godfrey set to retire in December 2010. He did not elaborate yesterday on configuration changes expected for Blue's domestic fleet or the imminent order for up to 70 737s and six 777-200LRs (ATWOnline, Nov. 6)
by Geoffrey Thomas
Airline Transport World
Tuesday December 1, 2009
Virgin Blue CEO Brett Godfrey told shareholders that the airline is back in the black after a difficult period at the beginning of 2009 and now is forecasting a profit for the fiscal year ending June 30, 2010.
"We are currently profitable again," he told the airline's annual general meeting in Brisbane. "We expect that if the market continues as it is at the moment we'll be able to maintain that guidance through to June 30 [2010]."
Godfrey said Blue has enjoyed a 20% growth in higher-yield corporate and government business, and that despite initial setbacks its V Australia long-haul subsidiary is recording loads of 75%. He added that the group sees no reason to alter its original prediction that V Australia would be profitable within 18 months of its February 2009 launch.
In August, Virgin Blue Holdings blamed the tough operating environment, one-off charges and nonrecurring costs for a A$160 million ($144 million) loss in the 2008-09 fiscal year, the company's worst-ever result and a reversal from the A$97.7 million surplus reported the prior year (ATWOnline, Aug. 28).
The airline has started recruiting its next CEO, with Godfrey set to retire in December 2010. He did not elaborate yesterday on configuration changes expected for Blue's domestic fleet or the imminent order for up to 70 737s and six 777-200LRs (ATWOnline, Nov. 6)
by Geoffrey Thomas
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...like that was a surprise Pedota
... nothing but industrial intimidation & cloaked threats just to move crew to were they wouldn't go and were it didn't make sense... while management gained a 35% share bonus "in these hard times"!!!!
If you were up with the world-wide industry movements these last 10 months, you would realise the Asia Pacific market, were VB/PB/Poly and now V (are to venture into), have been the shining lights in this whole downturn.
Heck, China's growth declined to "single digit growth", bugger me, lucky buggers!!!
Read the Asia Pacific Journals of this region, please lets all think for ourselves and don't be such muppets regurgitating Brekky Crk Spin jobs (ATW Online is good though).
... nothing but industrial intimidation & cloaked threats just to move crew to were they wouldn't go and were it didn't make sense... while management gained a 35% share bonus "in these hard times"!!!!If you were up with the world-wide industry movements these last 10 months, you would realise the Asia Pacific market, were VB/PB/Poly and now V (are to venture into), have been the shining lights in this whole downturn.
Heck, China's growth declined to "single digit growth", bugger me, lucky buggers!!!
Read the Asia Pacific Journals of this region, please lets all think for ourselves and don't be such muppets regurgitating Brekky Crk Spin jobs (ATW Online is good though).
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Capt_SNAFU Needabigger, how are they are going to crew these new jets if they are surplus to the ones they already have?
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A nice little Christmas gift for 2009
The Simple MA for VBA has plateaued but is still showing a gentle rise. Trading volume is gradually falling and after showing resistance at 55c it appears to be slipping.
Unless there is a significant announcement about to occur, traders who bought at the start of the year between 15c and 30c may want to sell at or above 50c and realise a nice little 66% to 300% gain and buy back in at a lower level later or take advantage of other opportunities on the market.
Disclaimer: This advice is provided by someone without any financial industry training and who is completely incompetent and should be disregarded for anything other than mild conversational entertainment value. It is provided free of commissions, fees and large sums of money in brown paper bags slipped under the table.
Unless there is a significant announcement about to occur, traders who bought at the start of the year between 15c and 30c may want to sell at or above 50c and realise a nice little 66% to 300% gain and buy back in at a lower level later or take advantage of other opportunities on the market.
Disclaimer: This advice is provided by someone without any financial industry training and who is completely incompetent and should be disregarded for anything other than mild conversational entertainment value. It is provided free of commissions, fees and large sums of money in brown paper bags slipped under the table.
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He did not elaborate yesterday on configuration changes expected for Blue's domestic fleet or the imminent order for up to 70 737s and six 777-200LRs (ATWOnline, Nov. 6)
Virgin Blue eyes -900ER as part of 737 order
He dismisses speculation the carrier is looking to order Boeing 777-200LRs and Boeing 787s soon for its long-haul carrier V Australia. "A lot of that was fantasy on the parts of those who spread the rumour," Godfrey says.
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...read the AR, most (management) got around 50% extra of their wage in STI, MTI and shares.
That much? So much for the hard-ball on crew T&C
I hadn't got my hands on the A.R. yet so thanks InandOut.
Look out for a "brand realignment" sooner rather than later with a totally new product and also a "new player" in the Domestic Marketplace - A 5th player on the domestic scene by Q2 2010.
keep smokin'
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slice - very thoughtful posts. Such intellect.
Anyhow, back to the grown-ups again. Has there been any discussion of the acquisition by VA of 777-200LR for SYD-JFK direct and PER-LHR direct? Those would be some very popular flights with folks not wanting the painful transits in LAX or SIN/HKG but what would be the flight time?
Impressive thinking though.
Anyhow, back to the grown-ups again. Has there been any discussion of the acquisition by VA of 777-200LR for SYD-JFK direct and PER-LHR direct? Those would be some very popular flights with folks not wanting the painful transits in LAX or SIN/HKG but what would be the flight time?
Impressive thinking though.
Yes you are right, relatively speaking quite thoughtful actually compared to the drivel that preceedes it through this thread. Take a look at the post history of the subject lined up together and all you see is bollocks!
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Has there been any discussion of the acquisition by VA of 777-200LR
He (Godfrey) dismisses speculation the carrier is looking to order Boeing 777-200LRs and Boeing 787s soon for its long-haul carrier V Australia. "A lot of that was fantasy on the parts of those who spread the rumour,"
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From Great Circle Mapper - Speed M.835
YPPH (31°56'25"S 115°58'01"E) EGKK (51°08'53"N 00°11'25"W) 312° (NW) 7818 nm 16:19
YSSY (33°56'46"S 151°10'38"E) KLAX (33°56'33"N 118°24'26"W) 61° (NE) 6507 nm 13:35
YPPH (31°56'25"S 115°58'01"E) EGKK (51°08'53"N 00°11'25"W) 312° (NW) 7818 nm 16:19
YSSY (33°56'46"S 151°10'38"E) KLAX (33°56'33"N 118°24'26"W) 61° (NE) 6507 nm 13:35