Tuesday, 24 March 2015

Ups and downs for Virgin Australia

RTX1314F

          Virgin Australia have reported a A$98.1 million ($87.6 million) full-year net loss.
 
The Australian airline blamed difficult economic conditions, strong competition and one-off costs related to its recently acquired Skywest business, in the announcement on Friday.
 
The highly thought of air carrier said major shareholders Air New Zealand, Etihad Airways and Singapore Airlines had agreed to provide a loan worth A$90 million.
      
Virgin Australia is a highly respected airline and for the fourth consecutive month had been Australia's most punctual airline, according to the Bureau of Infrastructure, Transport and Regional Economics.

Accordingly to data released by the bureau Virgin's flights scored a near 90 percent on time arrival rate for February. The low cost airline also managed to dispatch 91.6 percent of its flights on time
 within 15 minutes of schedule. 

On-time departures for February
Virgin 91.6
Qantas 90.1
Virgin Australia Regional 90.5
Rex 89.6
QantasLink 88
Jetstar 84
Tigerair 83

On-time arrivals for February
Virgin 89.2
Qantas 88.2
Virgin Australia Regional 87.6
QantasLink 86.3
Rex 85.8
Jetstar 84.9
Tigerair 81.2
(Source: BITRE)