Virgin Blue upgrades FY2010 outlook; yield pressures remain

Virgin Blue Chairman, Neil Chatfield, at the carrier's AGM on 26-Nov-2009, upgraded the carrier’s FY2010 outlook from ‘breakeven’ to ‘profitability’, adding that the carrier is "well positioned to take advantage of any improvement in market conditions". [1338 words]

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This report contains the following subheadings:

• Domestic and international load factor improvements in Oct-2009
• Domestic Australian load factors among the three majors above 84%
• Virgin Blue outpaces Qantas’ domestic capacity reduction
• Virgin Blue passenger number down, Jetstar’s up in Oct-2009
• Focused on maintaining cash reserves and cost base
• The search is on for a new Virgin Blue CEO
• Fleet to increase to 87 aircraft by FY2010
• V Australia: Yields suffering as fares remain at unsustainable levels 

This report contains the following charts and tables:

• Virgin Blue revenue passenger load factor: Jan-2009 to Oct-2009
• Virgin Blue total Network PLF growth: Oct-2008 to Oct-2009
• Qantas, Jetstar, Virgin Blue passenger load factor comparison on domestic services: Jan-2009 to Oct-2009 
• Virgin Blue Network ASK & RPK growth: Oct-2008 to Oct-2009
• Qantas, Jetstar, Virgin Blue passenger capacity (ASKs) comparison on domestic services: Jan-2009 to Oct-2009 
• Qantas, Jetstar, Virgin Blue passenger numbers growth comparison on Domestic routes
• Virgin Blue passenger numbers growth: Jan-2009 to Oct-2009