transport and logistics logo
HOME ABOUT CONTACT ADVERTISE THE INTERMEDIA GROUP FIND PROFESSIONAL SERVICES

Free ENews

EVENTS
DIESEL MAGAZINE ARTICLES
EDUCATION, CAREERS & PEOPLE
DATA CAPTURE, RFID & IT
ENVIRONMENT
GOVERNMENT & REGULATIONS
HOT PRODUCTS
MHD MAGAZINE ARTICLES
MATERIALS HANDLING
PROPERTIES FOR SALE & LEASE
PROPERTY NEWS
SUPPLY CHAIN MANAGEMENT
TRANSPORT & LOGISTICS SERVICES
TRUCK & TRAILER EQUIPMENT
WAREHOUSE/DC EQUIPMENT
INDUSTRY GROUPS
NEW / USED TRUCK & TRAILER
FREE E-NEWS
ADVERTISE
ARCHIVE SEARCH
Advanced Search

 

Virgin Blue back in profit, to order 50 aircraft


Virgin Blue Holdings Limited has reported a net profit after tax of $62.5 million for the six months to 31 December 2009, compared to a loss of $101.4 million for the prior corresponding period.
 
Group revenue increased 12.2% from $1.35 billion in the previous equivalent reporting period to $1.51 billion for the six months to 31 December 2009, with Underlying Profit Before Tax of $75.6 million up 34% compared to the prior period.
 
Virgin Blue Airlines group chief executive Brett Godfrey said that while favourable fuel movement had certainly helped, he was proud of the entire Virgin Blue Airlines Group team for achieving a continued decrease in the Cost per Available Seat Kilometre, excluding fuel (CASK) of 4.5%, through cost saving initiatives and enhanced productivity across the network, during the toughest operating environment in the industry’s history.
 
“Any way you cut it, to continue to achieve cost reductions while we continue to grow our business and position it to rapidly and fully exploit any improvement in economic conditions demonstrates the remarkable commitment of each and every one of our team members and the resilience of our model,” Mr Godfrey said.
 
Mr Godfrey cautioned that the operating environment is still uncertain and that concerns remain around the pace of the global economic recovery and the continuing uncertainty in domestic and international markets.
 
“We have a seasonal business and our traditionally busiest part of the year is the December first half – that and ongoing strong price competition will likely see pressure maintained on yield improvement for the remainder of this year,” Mr Godfrey said.
 
“However, we do not intend to shy away from remaining competitive, and we plan to vigorously defend our core domestic markets. In that regard we are intending to secure additional short term domestic capacity and have reached an in-principle agreement with Boeing for an order of up to 50 aircraft. These aircraft will come equipped with the upgraded Boeing Sky Interiors as well as performance improvements that will deliver significant fuel and maintenance efficiencies.”
 
Operating performance - group
 
Production, as measured by Available Seat Kilometres (ASKs), increased by 24.7% to 16.4...
Next Page

2,075

  HOT PRODUCTS

 

Toyota Material Handling Australia

Toyota Material Handling Australia (TMHA) is poised to launch a new range of 1.5 to 3 tonne rated capacity at 500mm load centre four-wheel counter-balance battery electric forklifts.  more»

 

Internal Combustion Pneumatic Tyres Forklifts - 4.0 - 5.5 Tonnes

Mitsubishi GRENDIA Series Forklift, the Next generation, higher performance machine Outstanding performance...exceptional value for money.  more»

 

Involved in Logistics or Supply Chain Management?

If you are involved in logistics or supply chain management, and looking to advance your career, this internationally recognised qualification can provide you with the relevant skills for your future.  more»

 

Future Proof your Logistics Career Today

What does the future hold?  more»

 

Exquisitely Orchestrated Execution

Infor10 Supply Chain Execution – a single solution with one version of the truth so that everyone is moving in the same direction at the same time.  more»

 

Oracle Live Webcast: Effective HR in Manufacturing

Turn Strategy into Action in Manufacturing with Effective HR  more»

 

2012 National Challenge - Start Date: 16th APRIL, 2012

The Fresh Connection is an advanced web-based business simulation that challenges participants to work together as a team to demonstrate and improve their knowledge of the Value Chain.  more»

 

100% Error-Free Picking with KiSoft Vision

KiSoft Vision combined with the corresponding processes, ensures 100% error-free order picking. By using augmented reality technology KiSoft Vision visualizes information at the exact time and location the operator needs it, through a head mounted display  more»

Click here to view more Hot Products

Looking for a particular product?   Advanced Search.

  T&L PUBLICATIONS

MHD Supply Chain Solutions
Has been the industry leader for more than 30 years. It is the reference guide for professionals striving for effective end-to-end supply chain management...

Diesel
A bi-monthly magazine that has shaken up the Australian road transport magazine sector with sharp news stories and bold feature articles on the diverse character of the Australian trucking market...
 

 
VISIT INTERMEDIA SITES
 


 
 
The Intermedia Group (TIG) is a leading Australian B2B publishing, event management and technology business providing the most comprehensive and targeted B2B advertising network in Australia.

TIG's brands are a leading source of vital information for Australian and New Zealand businesses within the following 12 vertical markets: Beauty, Construction, Electronics, Entertainment, Government, Health, Homewares, Hospitality, Interior Design, Logistics, Motoring, Procurement, Retail, Recreation and Technology
Intermedia Websites
© The Intermedia Group. www.intermedia.com.au Privacy & Copyright