Shares blue as Virgin flies in on a whinge.(Virgin Blue Airlines Proprietary Limited)(Brief Article)

Australasian Business Intelligence, December, 2004 by Rochfort, Scott

Dec 08, 2004 (The Sydney Morning Herald - ABIX via COMTEX)

Virgin Atlantic's first flight into Sydney on 8 December 2004 failed to revive Virgin Blue's share price. The stock fell by $A0.07 to $A2.01. Virgin's chief Sir Richard Branson said Virgin Blue has done well compared with other budget carriers. He blamed the stock's woes on the recent rise in oil prices. Sir Richard also attacked a decision allowing Qantas and British Airways to agree on fares for flights to the UK. Virgin is expected to launch a low-cost airline in the US in 2005.

Publication Date: 9 December 2004

VIRGIN ATLANTIC AIRWAYS LIMITED:

VIRGIN BLUE AIRLINES PTY LTD:

VIRGIN BLUE HOLDINGS LIMITED - ASX

VBA:

VIRGIN GROUP LIMITED:

QANTAS...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.