Business Services Industry
Virgin's profit warning takes its toll on Patrick Corp.(Virgin Blue Airlines)(Brief Article)
Australasian Business Intelligence, March, 2005
Mar 23, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
There are fears that Patrick Corporation could be dragged down by a lacklustre Virgin Blue. On 22 March 2005, Virgin Blue published a profit warning and shares in Patrick dipped by $A0.15 to $A6. Patrick has recently pursued Virgin Blue and now has a 51.6 stake in the budget carrier. A number of analysts have now issued downgrades for Virgin Blue. The picture has been made worse because there are signs that Pacific Blue, a subsidiary of Virgin Blue, is struggling to fill seats. One group that will not exit from its shareholding in Virgin Blue is the Virgin Group. Sir Richard Branson has indicated that the group will hold its 25.6 stake in Virgin Blue.
Publication Date: 24 March 2005...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
