Virgin pax numbers DOWN!
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Virgin pax numbers DOWN!
Virgin Blue Holdings Ltd suffered a fall in domestic and international passenger numbers in April.
The airline group said it carried 1.29 million domestic passengers in the month, down 2.1 per cent from the corresponding month last year.
Go JB
The airline group said it carried 1.29 million domestic passengers in the month, down 2.1 per cent from the corresponding month last year.
Go JB
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What do you expect - too much capacity in the market...demand is weakening...real-term yield continues to decline...recipe for disaster for thin-margin operators aka LCC's...the market will not support the number of carriers competing...there will be a bust and it will be Tiger first (unless they want to keep letting it bleed money)...there is only room for three majors and there only ever will be (unless we grow population by about...ummm...20 million)...
I am not surprised. Australia has fallen into its biggest economic slump in almost 20 years. Home loan defaults are at their highest for 15 years and interest rates are just starting to increase. I can see some aircraft being parked and an operator or two going out of business in Australia.
Key sectors in the US ecomomy pummelled last month and have rekindled fears the worlds largest economy faces stagnation. Unfortunately the labour party blew our accumulated surplus of approx $63B through mismanagement and we have seen deficits of $27.1B in 2008/9, $57.6B in 2009/10 and an expected $40.8N for 2010/11.
Now the loonies want to introduce a Carbon Tax and Alan Joyce is one of them !
Key sectors in the US ecomomy pummelled last month and have rekindled fears the worlds largest economy faces stagnation. Unfortunately the labour party blew our accumulated surplus of approx $63B through mismanagement and we have seen deficits of $27.1B in 2008/9, $57.6B in 2009/10 and an expected $40.8N for 2010/11.
Now the loonies want to introduce a Carbon Tax and Alan Joyce is one of them !
Last edited by B772; 5th Jun 2011 at 12:45.
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Wow deficits are SOO bad, lets emmulate almost every other developed nation and increase it by what? say 1000-2000%? The old deficit chestnut, and the old fools that fall for it, for one I am extremely glad the budget did not stay in surplus during the GFC or there would have been massive ramifications ie, a $hitload millions out of work. Anyway back to the topic who cares? Virgin are in a strategic shift which I think is positive and they are looking medium to long term for their fortunes to turn
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They would also be down 2.1% because domestic Pacific Blue would have been still been operating within NZ this time last year also, where as it isnt now..
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East coast has the same problems as the rest of the first world..and floods, cyclones etc. The coal mines keeping Qld above water were under water..its anybodies guess why house prices in Capital cities are as high as they are
Just hang in there and things will improve..NT and WA are working hard to keep y'all solvent
Just hang in there and things will improve..NT and WA are working hard to keep y'all solvent
They would also be down 2.1% because domestic Pacific Blue would have been still been operating within NZ this time last year also, where as it isnt now..
QF domestic in comparison was up 0.8% and total group was up 7%.
In regard to the east coast problems QLink increased passengers carried by 8% including a 1% increase in load factor. Jetstar domestic was up 19%, also on 1% better loads.
