Virgin vows to increase domestic share

Company News


Virgin Australia Holdings Limited (ASX:VAH) has vowed to stick to its strategy of increasing its domestic share in Australia.

The comments come after Qantas Airways Limited’s (ASX:QAN) chief Alan Joyce claimed last week that Qantas will continue to pursue 65 per cent of the domestic market.

Reports have speculated Virgin is planning to boost capacity by up to 18 per cent.

Virgin has also upped frequencies on key business routes including Melbourne, Sydney and Brisbane.

In the first half of the 2012 financial year Virgin Australia generated a net profit of $51.8 million.


 


Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?