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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Virgin Australia Holdings Limited    VAH   AU000000VAH4

VIRGIN AUSTRALIA HOLDINGS LIMITED

(VAH)
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Virgin Australia : introduces the Passenger Promise

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09/30/2020 | 10:20am EDT

Virgin Australia is offering customers some reassurance in these turbulent times. Customers are, and always have been, the number one priority of the airline and it's taking some extra steps during this time to protect them.

Virgin Australia has introduced the Passenger Promise, which outlines changes to the normal customer journey to minimise the risks associated with COVID-19.

Booking

Virgin Australia has increased flexibility on all new and existing bookings to give their guests peace of mind. This includes no change fees on travel until 31 January 2021.

A woman wearing a facemask at an airport. Text reads: 'Passenger Promise, A little reassurance in these turbulent times.'

Image from Virgin Australia

Check-in

Customer safety has never been more important to Virgin Australia. The airline requires all passengers to complete a pre-departure COVID-19 health questionnaire.

To limit face-to-face interaction, passengers are encouraged to check-in online wherever possible via the Virgin Australia app or on the Virgin Australia website.

Self-service kiosks at the airports are being sanitised regularly. Virgin Australia has closed some kiosks to help passengers maintain social distancing.

Onboard

Guests will be encouraged to scan their own boarding passes when boarding a flight to reduce unnecessary contact. Boarding will also be staggered into zones to help passengers maintain their distance.

Virgin Australia's aircraft are fitted with High Efficiency Particulate Air (HEPA) filters, which have a similar performance to those used in medical environments and clean rooms. They are effective at removing more than 99.9% of microbes from the air.

Customers will be encouraged to bring and use their own face masks and hand sanitiser for their journey. Wherever possible, Virgin Australia will try to keep an empty seat between guests travelling alone.

During the coronavirus pandemic, Virgin Australia has helped to reunite a puppy with its family after they were separated the lockdown and donated essential supplies to people in need.

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials
Sales 2020 4 472 M 3 192 M 3 192 M
Net income 2020 -533 M -380 M -380 M
Net Debt 2020 3 662 M 2 614 M 2 614 M
P/E ratio 2020 -1,37x
Yield 2020 -
Capitalization 726 M 516 M 518 M
EV / Sales 2020 0,98x
EV / Sales 2021 1,30x
Nbr of Employees 10 620
Free-Float 8,34%
Chart VIRGIN AUSTRALIA HOLDINGS LIMITED
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Virgin Australia Holdings Limited Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 0,06 AUD
Last Close Price 0,09 AUD
Spread / Highest target -18,6%
Spread / Average Target -30,2%
Spread / Lowest Target -41,9%
EPS Revisions
Managers
NameTitle
Paul Darren Scurrah CEO, Executive Director & Managing Director
Stuart Aggs Chief Operating Officer
Keith Neate Chief Financial Officer
Warwick Martin Negus Non-Executive Director
Alan Hunt Director
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