FINWIRES · TerminalLIVE
FINWIRES

ASX:VGN

19 stories mentioning ASX:VGN

Every FINWIRES story that references ASX:VGN, newest first.

Asia

Virgin Australia Confirms First Boeing 737-10 Delivery in Late 2027; Shares Up 11%

Virgin Australia (ASX:VGN) said it expects to take delivery of its first Boeing 737-10 in late 2027, marking the next phase of the airline's fleet renewal program and the arrival of what will become the largest aircraft in its fleet, according to a Monday Australian bourse filing.The company said it has 10 firm orders for the 737-10, with the larger aircraft to provide additional capacity and flexibility across its domestic and short-haul international network, supporting its strategy to operate an efficient, organized fleet.The company's shares rose past 11% in recent Monday trade.

ASX:VGN
Asia

Virgin Australia Launches Flight Search Functionality in ChatGPT

Virgin Australia Holdings (ASX:VGN) launched flight search functionality within the ChatGPT artificial intelligence chatbot, becoming the first airline in Australia to do so, the company said Wednesday.When prompted with travel needs, ChatGPT will direct customers to Virgin Australia flights and Velocity Frequent Flyer Reward Seat options, eliminating the need to navigate multiple website pages, the company said.The launch builds on a collaboration Virgin Australia entered with ChatGPT developer OpenAI in November 2025.

ASX:VGN
Asia

Virgin Australia Expands Pets in Cabin Service to Adelaide, South Australia

Virgin Australia Holdings (ASX:VGN) said that its first Pets in Cabin flight from Adelaide, South Australia, will depart for Melbourne, Victoria, on June 23, according to a Tuesday statement.The airline said it was working with airport partners to assess further expansion opportunities for more Pets in Cabin destinations. It plans to make Pets in Cabin services a standard offering on eligible services from next year, subject to final airport approvals.It extended the travel dates for most of its Pets in Cabin services through to Sept. 30, with services between Adelaide and Melbourne available to book until Jan. 31, 2027.The airline's shares were up 1% in recent trading on Tuesday.

ASX:VGN
Research

RBC Starts Virgin Australia at Outperform with AU$3.50 Price Target

Virgin Australia (ASX:VGN) has an average rating of overweight and mean price target of AU$3.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:VGN
Asia

Flight Centre Travel Group, Virgin Australia Shares Soar Amid Middle East Ceasefire Extension Hopes

Shares of Flight Centre Travel Group (ASX:FLT) soared past 9% while those of Virgin Australia Holdings (ASX:VGN) jumped over 5% amid media reports of the US and Iran potentially reaching an agreement to extend the ceasefire in the Middle East.The US and Iran reached ​an agreement to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz, Reuters reported on Friday, citing sources. However, US President Donald Trump has yet to approve the deal, and Iranian state media said it had not yet been finalized.

ASX:FLTASX:VGN
Asia

Virgin Australia's 150th Boeing 737 Jet Enters Service; Shares Fall 3%

Virgin Australia (ASX:VGN) said it 150th Boeing 737 jet has officially entered service, marking a fleet renewal milestone, according to a Tuesday statement.The latest aircraft, named Lake Centenary, is the 100th Boeing 737 plane in Virgin Australia's current fleet and the 150th 737 received by the airline in the last 26 years.Virgin Australia said it will receive a dozen 737-8s this year, along with four Embraer E190 E2s for its regional Australian flights.The company's shares were down 3% in recent Tuesday trade.

ASX:VGN
Asia

Virgin Australia Says Pinnacle Investment Management Becomes Substantial Holder

Virgin Australia Holdings (ASX:VGN) said Pinnacle Investment Management Group became a substantial holder of the firm on May 20 after acquiring 40.3 million ordinary securities of the airline, according to a Monday Australian bourse filing.Pinnacle Investment Management's voting power in the firm is now 5.14%, per the filing.

ASX:VGN
Asia

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

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.)

ASX:VGN
Asia

Update: Webjet Unit Flags Changes to Virgin Australia Commercial Agreements, Shares Hit All-Time Low

(Updates to add share movement in the headline and the fourth paragraph)Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.The company's shares fell 13% in recent Wednesday trade and earlier hit an all-time low.

ASX:VGNASX:WJL
Asia

Webjet Unit Flags Changes to Virgin Australia Commercial Agreements

Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements, according to a Wednesday filing with the Australian bourse.The company currently earns commission on the sale of Virgin flights and related services, subject to performance targets, but Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms, per the filing.The company said that if the change had been implemented at the start of fiscal 2026, it would have had an around AU$3 million impact on fiscal 2026 revenue.The company requested a trading halt on the Australian Securities Exchange, the filing added.

ASX:VGNASX:WJL
Asia

Virgin Australia Plans Steps to Cut Check-In Time by Up to 50%

Virgin Australia Holdings (ASX:VGN) plans to cut check-in time by up to 50% via upgrades to its mobile app and airport check-in experience, according to a Wednesday statement from the airline.The company plans to provide the option for eligible Velocity frequent flyer members to change flight times in the airline's mobile app for the first time.From May, the airline said it will also transition its check-in kiosks to new bag tag printers, encouraging travelers to check in for their flights via its app or online before arriving to the airport. The printers will be paired with a one-step automated bag drop, and guests will need to scan their boarding pass to print a bag tag, then proceed to drop off their bag without needing to rescan their boarding pass.The company's shares fell past 1% in recent trading on Thursday.

ASX:VGN
Asia

Market Chatter: IFM Threatens to Scrap AU$3 Billion Sustainable Aviation Fuel Project

Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail request for comment.(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.)

ASX:AMPASX:GNCASX:QANASX:VGN
Asia

Update: Market Chatter: Virgin Australia Likely to Extend Flight Reductions Into Q3, Says Bloomberg

(Updates to add Virgin Australia's comment in the third and fourth paragraphs and an updated share move in the fifth paragraph)Virgin Australia (ASX:VGN) is likely to extend flight cuts into the third quarter as fuel costs continue to soar higher amid the Iran war, said Bloomberg in a Friday report, citing a person familiar with the matter.The report said that Virgin may also hike fares to offset fuel costs, but no final decisions have been made yet.Virgin Australia, in response to' email request for comment, quoted its April 15 Australian bourse disclosure that said its fiscal year 2027 settings, including capacity, are under review."The Group continues to monitor the external environment and retains flexibility to take further actions if required," the company said in the April 15 filing.The company's shares rose 1% in recent Friday trade.(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.)

ASX:VGN
Asia

Market Chatter: Virgin Australia Likely to Extend Flight Reductions Into Q3, Says Bloomberg

Virgin Australia (ASX:VGN) is likely to extend flight cuts into the third quarter as fuel costs continue to soar higher amid the Iran war, said Bloomberg in a Friday report, citing a person familiar with the matter.The report said that Virgin may also hike fares to offset fuel costs, but no final decisions have been made yet.Virgin Australia did not immediately reply to a request for comment from.The company's shares rose 1% in recent Friday trade.(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.)

ASX:VGN
Asia

Jarden Adjusts Virgin Australia's Price Target to AU$3.80 from AU$4, Keeps at Buy

Virgin Australia (ASX:VGN) has an average rating of buy and mean price target of AU$3.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:VGN
Asia

Virgin Australia Remains in Strong Financial, Strategic Position Due to Conservative Approach to Fuel Hedging, Jarden Says

Virgin Australia Holdings (ASX:VGN) remains in a strong financial and strategic position due to its conservative approach to fuel hedging over fiscal 2026, Jarden said in a note on Wednesday.The airline flagged an increase of fuel costs for the fiscal 2026 second half of around AU$30 million to AU$40 million. Revenue-per-available-seat-kilometer growth is expected to be around 5% in the second half, and 6% in the fourth quarter of fiscal 2026, compared with previous second half guidance of 3% to 4%. Total domestic capacity is now expected to increase 1% in the second half and fall 1% in the fourth quarter.Jarden forecast a higher fuel cost burden in fiscal 2027 than fiscal 2026, especially the first half of fiscal 2027. It modeled a net earnings before interest and taxes (EBIT) impact, after revenue management, of around AU$14 million per quarter in fiscal 2027 from fuel costs exceeding revenue capture.It lowered its fiscal 2026 EBIT forecasts to AU$751 million, and its fiscal 2027 group EBIT forecast to AU$790 million from AU$817 million.The investment firm retained its buy rating on Virgin Australia and reduced the price target to AU$3.80 from AU$4.Virgin Australia's shares soared almost 5% in recent Thursday trade.

ASX:VGN
Asia

Australian Shares Flat; Virgin Australia Says Fiscal Year 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares were flat with a positive bias on Wednesday's close as investors weighed reports of a second round of peace talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,978.70.US President Donald Trump said talks with Iran could resume in Pakistan over the next ​two days, even as a US naval blockade ⁠on Iranian ports continued. Brent crude oil futures rose 1% to $95.77 per barrel.On Wall Street, the Nasdaq was up nearly 2% on Tuesday, and the S&P 500 climbed 1.2%.On the domestic front, the International Monetary Fund (IMF) cut its economic growth projections for Australia, with gross domestic product (GDP) growth rate now expected to come in at 2% in 2026, compared with the previous forecast of 2.1%, and 1.7% in 2027, down from the earlier forecast of 2.2%.Australia's private sector credit is projected to grow by 7.2% year over year this year, tracking at its fastest pace since 2022, before slowing to 5.7% year-over-year by late 2027, ANZ said in a report.Australian consumer spending rose 2.1% in March, month-on-month, driven by a sharp increase in fuel spending due to higher prices, according to NAB's consumer spend trend report.In company news, Virgin Australia Holdings (ASX:VGN) said that its fiscal year 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period. Its shares were up 7% on market close.Mesoblast (ASX:MSB) acquired an exclusive license to a patented chimeric antigen receptor technology platform to boost the effectiveness of its products. Its shares rose 7% at close.Lastly, Yancoal Australia (ASX:YAL) said that it entered into binding transaction documentation with EMR Capital Advisors, Kestrel Coal (EMR), Adaro Capital, and EMR Capital Management to acquire Kestrel Coal Group, which holds an 80% interest in the Kestrel coal mine joint venture in Queensland, for up to $2.4 billion. Its shares closed down 2%.

ASX 200ASX:MSBASX:VGNASX:YAL
Asia

ASX Preview: Australian Shares to Rise on US-Iran Talk Hopes; Virgin Australia Says Fiscal 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares are poised to rise on Wednesday as easing oil prices and renewed hopes of US-Iran talks offset concerns over Middle East tensions, even as risks persist following reports of a blockade of Iranian ports and ongoing disruption in the Strait of Hormuz.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.2%, 2%, and 0.7%, respectively.In the macroeconomy, investors are eyeing the release of Australia's labor force report on Thursday.In corporate news, Virgin Australia Holdings (ASX:VGN) said that its fiscal 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period.Evolution Mining (ASX:EVN) reported group production of 170,137 ounces of gold for the quarter ended March, compared with 179,778 ounces a year earlier.Australia's benchmark index rose 0.5% or 44.8 points to close at 8,970.80 on Tuesday.

ASX 200ASX:EVNASX:VGN
Asia

Virgin Australia Says Fiscal 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Virgin Australia Holdings (ASX:VGN) said that its fiscal 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period, according to a Wednesday Australian bourse filing.The airline is hedged 92% for Brent crude oil and 71% for refining margins for the remainder of the second half of fiscal 2026, and the exposure to the unhedged portion of both Brent crude oil and refining margins in fiscal 2026 is expected to result in an increase of fuel costs for the half of around AU$30 million to AU$40 million.It adjusted airfares and capacity in the second half to offset the impact from increased fuel and other operating costs such as airport charges. The airline's fuel suppliers continued to provide assurances regarding the near-term supply of aviation fuel to support its operations well into May.Revenue-per-available-seat-kilometer growth is now expected to be around 5% in the second half, and 6% in the fourth quarter of fiscal 2026, compared with previous second half guidance of 3% to 4%. Total domestic capacity is now expected to increase 1% in the second half and fall 1% in the fourth quarter.Virgin's services to Doha in Qatar, operated via the wet lease arrangement with its partner Qatar Airways, are cancelled until mid-June. Its fiscal 2027 settings, including capacity, are under review.

ASX:VGN