Virgin Australia shares take off on ASX despite Mid-East jitters

An important development for Virgin was the introduction of Qatar Airways as an anchor investor and long -distance flight partner last year. Qatar provided a significant support for the airline that had previously fought against Qantas, and received a share of 23.4 percent in Virgin.

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According to the sale of stocks, Qatar’s virgin share remained unchanged in the public offering, while Bain Capital sold its share from 70.2 percent to 40 percent.

In the early this month, Virgin made a wet lease agreement with Qatar, which will see that both airlines used the planes and crew of Qatar’s flights to Doha, one of the Australian capitals.

The partnership served as a gateway for Europe, the Middle East and North Africa, allowing him to re -enter the long -distance flight market without operational challenges that block his previous ports.

Nevertheless, the cooperation comes at a full time for the region on the large air traffic route in the Persian Gulf region, which is connected to Europe to Europe.

An Iranian missile attack targeting the US military base near Doha, where Qatar was located, forced the closure of the airspace in the region to retaliate for a bombing mission to nuclear weapons laboratories during the weekend. This caused hundreds of delays and flight deviations through routes of the Middle East.

Atlas Fund Management Hugh Diving, Trump’s first exit of the trade of Trump’s cease -fire announced a decrease in oil prices after the announcement of the ceasefire – airline costs and an important factor in profitability.

“They had a lot of chances here,” he said. “If Virgin was listed yesterday, it would be a little different.”

Dive, with geopolitical tensions, with geopolitical tensions, while struggling with long -term emotions against airline stocks in general, by keeping oil prices variable.

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Virgin issued a net profit of $ 99 million in 2023 and a professional net profit of $ 187 million in 2024, and for this financial year, premium leisure, small and medium -sized businesses and cost -consciousness of the cost of corporate customers foresee $ 219.

Anthony Wilson, President of Stock in Shaw and Partners, said that demand for Virgin shares was a good sign for future public offering at ASX.

“This calendar year is a long way to open the door for additional public offers,” he said.

Virgin’s problems in the past were well announced, “Investors clearly entered into an agreement with their eyes.

“Good to be rewarded on the first day.”

CEO Emerson said that even if a long -term situation in the Middle East welcomes Qatar’s demand for Australia and Doha services, Virgin would not affect the basic business.

“Structuring our partnership with Qatar [means] Our economy has focused on domestic affairs and their economies have focused on long -distance jobs. [profits]. “

Investment company Whitefield President Angus Gluskie said that investors are not under any illusion about the industry itself, and that airlines have been exposed to geopolitical risk, oil prices and capricys of competition ”.

“This is a difficult industry and any investor is aware of the dynamics.”

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