Australian budget airline Virgin Blue reported a return to profit Thursday, reversing a A$160 million (US$140 million) loss to net profit of A$21 million, but warned of ongoing volatility. The no-frills carrier slashed its earnings outlook in half in late May to between 20 and 40 million dollars, following renewed economic turbulence and a slump [...]
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Qantas services between Canberra and Sydney will be interrupted for about a month as the airline grounds five planes to repair landing gear.
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Under the plan, Singapore and Vietnam-based pilots would also be transferred to Australia where they would not be employed under the Jetstar Australia employment agreement, but through a ”new Jetstar Group company” that would be required to pay only the award rate.
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