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Market Chatter: Virgin Australia Suspends Three Routes, The Australian Says

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Virgin Australia Holdings (ASX:VGN) announced the suspension of three routes and decided not to operate two seasonal services scheduled for later in the year, according to a Thursday report by The Australian.

The Brisbane to Apia route will be suspended indefinitely from Aug. 25, while the Brisbane to Uluru and Melbourne to Uluru routes will be suspended from Oct. 24 and Oct. 25, respectively. The planned Adelaide to Hobart and the Perth to Launceston routes, which were set for launch in October, will not go ahead.

The planned changes would impact about 26 flights per week, according to a statement from the airline.

Its shares rose 8% in recent trading on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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