Air New Zealand seeks airline pact. Virgin Australia stock sits 23.72 percent above its low

Published on 10/13/2026 at 05:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Virgin Australia stock posted AUD 753 million underlying EBIT in fiscal 2026, up 13 percent. Its AGM is set for November 20, 2026.

Key points in brief

Air New Zealand seeks regulatory approval to expand its partnership with Virgin Australia.
Virgin Australia reported AUD 753 million underlying EBIT in fiscal 2026, up 13 percent.
The stock was AUD 2.66 on ASX on October 13, 2026, 23.72 percent above its 52-week low.
Virgin Australia set its annual general meeting for November 20, 2026.

Virgin Australia, AU0000400616, Illustration mit AI erstellt.

Virgin Australia stock stood at AUD 2.66 on ASX on October 13, 2026 at 1:20 p.m. CEST, 23.72 percent above its AUD 2.15 52-week low. Air New Zealand is seeking approval to expand its codeshare relationship with Virgin Australia, a move that could make the Australian carrier its principal domestic partner.

Air New Zealand seeks regulatory approval

Bloomberg reported on October 13, 2026 that Air New Zealand had applied to expand the existing codeshare into a broader reciprocal relationship. The application was submitted to New Zealand authorities and the Australian Competition and Consumer Commission, so regulatory approval remains central to the proposed arrangement.

The proposed structure would replace Air New Zealand's existing ties with Qantas and connect its domestic New Zealand network with Virgin Australia's domestic Australian network. The agreement would also cover reciprocal codeshare services and loyalty benefits, subject to approval.

What does the pact change?

Air New Zealand said about 90 percent of its customers traveling within Australia connected to destinations on Virgin Australia's network, the New Zealand Herald reported on October 13, 2026. That figure indicates why Virgin's domestic network is strategically important to the proposed partnership, while the competition review sets a clear execution risk.

Fiscal 2026 delivered higher earnings

Virgin Australia's fiscal 2026 results provide the financial backdrop. According to the Yahoo Finance transcript of the August 28, 2026 results call, underlying EBIT increased 13 percent to AUD 753 million and the underlying EBIT margin rose 60 basis points to 12 percent. Group revenue increased 8 percent to AUD 6.3 billion, while underlying net profit after tax increased 22 percent to AUD 404 million.

The board also declared a fully franked AUD 0.076 dividend per share, the first since the airline relisted in 2025. Management guided to first-half fiscal 2027 RASK growth of 6 percent to 8 percent while domestic capacity was expected to fall 3 percent against the prior corresponding period, keeping revenue quality and cost control in focus.

AGM date and market reference

Virgin Australia's investor-relations page lists the annual general meeting for November 20, 2026. The company also describes itself as Australia's second-largest airline group and says its Velocity program has more than 13 million members.

The last available euro price was EUR 1.69 at Lang & Schwarz on October 12, 2026 at 10:59 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Virgin Australia stock.