Virgin Australia confident despite unclear outlook

Virgin Australia confident despite unclear outlook
By admin


Virgin Australia has described the outlook as unclear for the current financial year, but remained confident it has the upper hand over competitors.

Chief executive John Borghetti declined to give guidance at this stage, referring to challenges such as high fuel and an uncertain economic environment.

But he appeared unshaken in his confidence that Virgin was on the right strategic path.

“I am confident we have a sound platform from which we can respond to changing market conditions,” he said.

Chief financial officer Sankar Narayan reported underlying cost per available seat kilometre (CASK) growth of 4.5%, excluding fuel, which had helped the airline achieve a cost advantage over its nearest competitors.

“More importantly, with the product enhancements and the young age of the fleet, we will continue to maintain that cost advantage into the future,” he said.

While Narayan admitted the magnitude of the advantage was hard to quantify, Borghetti claimed it went into double digits.

A possible downturn in the business sector was unlikely to affect the carrier, Borghetti added.

“We don’t have a big chunk of that pie,” he said. “It’s all upside for us, even if it were to stay flat.”

Meanwhile, he insisted the airline was “not wedded” to any market share target, working instead towards a share that delivers the best return.

The carrier is also set to expand, with Borghetti revealing the airline intends to employ “many hundreds” of people this year.

Latest News

  • Destinations
  • Tourism

NYC Tourism + Conventions announces two exciting new events

NYC Tourism + Conventions has announced ‘NYC Off-Broadway Week 2025’ and ‘Value Family Activities’ events lined up for this year. NYC Off-Broadway Week 2025 2-for-1 ticket sales for this event have begun with this season’s program featuring 29 Off-Broadway performances, including 18 new participants. The twice-yearly program runs from 17 February through 9 March with […]

  • Events
  • Tourism

Jeju wins bid to host 2028 Asia-Pacific Microscopy Conference

The Korea Tourism Organization (KTO) has successfully secured the 14th Asia-Pacific Microscopy Conference (APMC14) for Jeju in November 2028. This was achieved in partnership with the Korean Society of Microscopy, Jeju Special Self-Governing Province, Jeju Convention Bureau, and Jeju International Convention Center. Korea was selected as the final host after strong competition at the 13th […]

  • Cruise
  • Food & Beverage

Oceania Cruises sets new standard for onboard dining: one chef for every 10 guests

Oceania Cruises, renowned for The Finest Cuisine at Sea, has set a new standard for onboard dining with an exquisite new menu evolution in The Grand Dining Room. Launching on its newest 1,200-guest ship, Allura, in July 2025, the reimagined menus introduce over 270 brand-new recipes, from curated Signature Eggs Benedict breakfast selection to a chic French […]

  • Tour Operators

Clayoquot Wilderness Lodge celebrates 25th anniversary with new adventures

Baillie Lodges has announced that it is celebrating the 25th anniversary of its Clayoquot Wilderness Lodge with a range of new helicopter experiences for the 2025 season. Kicking off on 22 May, the 2025 season promises five months of generously inclusive luxury adventures for guests in nature’s own playground where black bears forage shoreside, whales, […]