Virgin Blue updates profits
Virgin Blue said today that the Company now estimates its reported profit after tax for 2006/07 will be in excess of $158 million, a 40% increase on the previous corresponding period result of $113 million.
The revised forecast follows an improvement in market conditions and the airline’s performance as a result of initiatives under its New World Carrier strategy launched last year.
The Company also advises that as a result of the improved outlook and finalisation of the Long Haul Feasibility Plan, the Board has confirmed its in principle support for an international wide-body operation.
The planning and implementation phase of this venture will now be expedited and subject to conditions such as regulatory approval, the granting of adequate bi-lateral access and conclusion of aircraft negotiations, the airline expects to launch international long haul operations by late 2008.
The Company will provide a detailed progress report at the Half Year Results announcement in February 2007.
Multi award winning airline Virgin Blue and International carriers Pacific Blue and Polynesian Blue currently operate a fleet of 53 Boeing 737 aircraft flying to 22 Australian and 8 International destinations including New Zealand, Fiji, Samoa, Tonga, Vanuatu and the Cook Islands.
For Virgin Blue bookings log on to www.virginblue.com.au or call 13 6789. For Pacific Blue bookings log on to www.flypacificblue.com or call 13 1645 from Australia or 0800 670 000 from New Zealand.
For dynamic package deals, holiday your way by logging on to www.blueholidays.com.au
Report by The Mole
John Alwyn-Jones
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