Virgin proifit result
Virgin Blue was not all hype and appeal today as it reported a 33.1 per cent fall in annual net profit. One day after unveiling the new loyalty programme Velocity, the carrier cautiously looked to the future.
“After 12 months of consolidation, including cost and productivity initiatives, withdrawal from unsustainable routes and investment in its business traveller strategy, Virgin Blue will continue to focus on improving the quality of its revenue streams,” Virgin Blue chief executive Brett Godfrey said.
“We are now well positioned to take advantage of the size, scale, and frequency achieved in our 2003-2004 expansion.
“In the last quarter of 2004-2005 we have brought to fruition a number of significant strategic projects, culminating in the launch of our long considered frequent flyer programme yesterday.
<!– Hide from old browsers
// Cache-busting and pageid values
random = Math.round(Math.random() * 100000000);
if (!pageNum) var pageNum = Math.round(Math.random() * 100000000);
document.write('’);
document.write(”);
// End Hide –>
= 6) {
ShockMode = 1;
} else if (navigator.userAgent && navigator.userAgent.indexOf(“MSIE”)>=0 && (navigator.userAgent.indexOf(“Windows 95”)>=0 || navigator.userAgent.indexOf(“Windows 98”)>=0 || navigator.userAgent.indexOf(“Windows NT”)>=0)) {
document.writeln(”);
document.writeln(‘on error resume next’);
document.writeln(‘ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6″)))’);
document.writeln(‘if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))');
document.writeln('’); } if ( ShockMode ) { document.writeln(”); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(”); } else { document.writeln(‘‘); } //–>
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
= 6) {
ShockMode = 1;
} else if (navigator.userAgent && navigator.userAgent.indexOf(“MSIE”)>=0 && (navigator.userAgent.indexOf(“Windows 95”)>=0 || navigator.userAgent.indexOf(“Windows 98”)>=0 || navigator.userAgent.indexOf(“Windows NT”)>=0)) {
document.writeln(”);
document.writeln(‘on error resume next’);
document.writeln(‘ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6″)))’);
document.writeln(‘if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))');
document.writeln('’); } if ( ShockMode ) { document.writeln(”); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(”); } else { document.writeln(‘‘); } //–>
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
var gnEbMinZIndex = 10000;
var gfEbInIframe = false;
var gEbBAd = new Object();
gEbBAd.nFlightID = 94449;
gEbBAd.nWidth = 300;
gEbBAd.nHeight = 250;
gEbBAd.nDownloadMode = 3;
var gstrEbRandnum = new String(Math.random());
gstrEbRandnum = gstrEbRandnum.substring(gstrEbRandnum.indexOf(“.”)+1 , gstrEbRandnum.length);
gEbBAd.strNonSupported = “http://bs.serving-sys.com/BurstingPipe/NonSupportedBanner.asp?FlightID=94449&Page=&PluID=0&Width=300&Height=250&Pos=” + gstrEbRandnum;
var gnEbMinZIndex = 10000;
var gfEbInIframe = false;
var gEbBAd = new Object();
gEbBAd.nFlightID = 94449;
gEbBAd.nWidth = 300;
gEbBAd.nHeight = 250;
gEbBAd.nDownloadMode = 3;
var gstrEbRandnum = new String(Math.random());
gstrEbRandnum = gstrEbRandnum.substring(gstrEbRandnum.indexOf(“.”)+1 , gstrEbRandnum.length);
gEbBAd.strNonSupported = “http://bs.serving-sys.com/BurstingPipe/NonSupportedBanner.asp?FlightID=94449&Page=&PluID=0&Width=300&Height=250&Pos=” + gstrEbRandnum;
= 6) {
ShockMode = 1;
} else if (navigator.userAgent && navigator.userAgent.indexOf(“MSIE”)>=0 && (navigator.userAgent.indexOf(“Windows 95”)>=0 || navigator.userAgent.indexOf(“Windows 98”)>=0 || navigator.userAgent.indexOf(“Windows NT”)>=0)) {
document.writeln(”);
document.writeln(‘on error resume next’);
document.writeln(‘ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6″)))’);
document.writeln(‘if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))');
document.writeln('’); } if ( ShockMode ) { document.writeln(”); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(‘ ‘); document.writeln(”); } else { document.writeln(‘‘); } //–>
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
on error resume next
ShockMode = ( IsObject(CreateObject(“ShockwaveFlash.ShockwaveFlash.6”)))
if ( ShockMode <= 0 ) then ShockMode = (IsObject(CreateObject("ShockwaveFlash.ShockwaveFlash.7")))
“Looking forward to 2005-2006, our primary focus remains on continuing to develop opportunities in the Australian market, including strengthening our appeal to the business sector, further product innovations and strategic development of our network.”
Virgin Blue reported a net profit of $105.2 million for 2004/05, down from $157 million in the previous year.
The airline also declared a 25 cent final dividend.
Meanwhile, opinions were divided on the merits and appeal of the new loyalty programme with comments on frequent flyer chat-rooms questioning the cost of accumulating points and the lack of status levels available.
Many also expected Qantas to react quickly with increased avavilability of flights. Velocity’s advertising hit the TV screens in earnest last night and webpage pop-ups are appearing on major news sites from today.
The Mole
Graham Muldoon
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Skyscanner reveals major travel trends 2026 at ITB Asia
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists