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

MT Newswires Live

May 21

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The planned Adelaide to Hobart and the Perth to Launceston routes, which were set for launch in October, will not go ahead.</p><p>The planned changes would impact about 26 flights per week, according to a statement from the airline.</p><p>Its shares rose 8% in recent trading on Thursday.</p><p>(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. 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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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}