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