MENU

Virgin Australia Holdings shares soar

Virgin Australia Holdings (ASX: VAH) has seen its shares fly, after the upstart airline told the market it expects its first half results to be in-line with expectations.

Virgin Australia domestic flight

At lunchtime, Virgin shares were up 5.4% to 33.2 cents.

You might be surprised to learn that Virgin isn’t exactly reporting a profit. The company says it expects to report a $49 million loss for the first six months.

I guess investors were expecting much worse.

Ongoing air wars with its larger rival Qantas Airways (ASX: QAN) in the domestic market are hurting both airlines, as Qantas sticks to its ‘line-in-the-sand’ 65% market share at any cost.

Yesterday, Virgin shares fell as much as 16%.

Only 26% of the total shares are available for trading, with Air New Zealand (ASX: AIZ), Singapore Airlines, Etihad and Sir Richard Branson’s Virgin Group holding the remainder.

The top ASX pick you’ve never heard of…

Top Motley Fool analysts just identified their #1 ASX pick for 2014, a small-cap stock that could be poised for big gains (and offers a fat, fully franked dividend!). Discover all the details now, including the name and code, in this FREE investment report, "The Motley Fool’s Top Stock for 2014."

Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now