Dave Emerson emerges from consultancy-land for Virgin's ASX redux
Those who have met the newish Virgin Australia chief executive – he took over from long-time managing director Jayne Hrdlicka in March after almost four years as chief commercial officer – describe him as 'fair'. Others say he is 'consultant like'. It is hardly rousing stuff. But here he is, 58 years old, Arizona-born, and the man who navigated Virgin back to the ASX.
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Perth Now
6 hours ago
- Perth Now
Passengers panic after plane's sudden drop
Passengers on board a Virgin Australia flight from Sydney to Brisbane were terrified after a loss of cabin pressure soon after takeoff, with the aeroplane dropping from 37,000 feet to under 10,000 feet. People were flying on the VA993 from Sydney to Brisbane shortly after 8.30pm Wednesday when the plane lost cabin pressure soon after takeoff. Frightening moment Virgin Australia flight makes 'sudden descent' 10 News Credit: Supplied However, about 40 minutes later, the plane dropped suddenly with oxygen masks quickly deployed. Data from FlightRadar showed the plane reached a peak of 37,000 feet about 9pm before making a dramatic drop to 8775 feet. The flight remained at this altitude for the remainder of the journey to Brisbane before making a safe landing. The plane made a sudden drop shortly after 9pm Wednesday. Flightradar24 Credit: Supplied Footage obtained by 10News showed the oxygen masks hanging from the overhead compartments, with flight attendants working to keep people calm. One person on board said the plane made a 'sudden descent', with flight attendants working to keep passengers calm as they feared the worst. Passengers en route to Brisbane from Sydney were shaken after their Virgin Australia flight dropped in cabin pressure, with the plane dropping from 37,000 feet to 10,000. Passengers could be heard applauding the flight attendants as the flight eventually returned to normal. Speaking to Channel 10, a passenger, Haley, recalled sending a message to her husband saying the 'planes dropping'. 'Emergency landing – love you,' she wrote. Oxygen masks were deployed to passengers. 10 News Credit: Supplied A Virgin Australia spokesman confirmed the flight arrived safely in Brisbane – albeit 10 minutes behind schedule – following the 'depressurisation event'. 'The flight crew took the appropriate steps, following standard operating procedures, to descend to a lower altitude,' they told NewsWire. 'As part of that process, a PAN call was transmitted to Air Traffic Control.' PAN calls are internationally recognised calls for urgency, signalling the vessel requires help for an urgent situation. It is different to a Mayday call, which is only reserved for life-threatening emergencies. Flight attendant were applauded for their efforts. 10 News Credit: Supplied The spokesman told NewsWire no passengers or crew members were injured during the incident, and all had been approached by its guest relations team for counselling services. 'Safety remains Virgin Australia's number one priority, and we are reviewing the situation in line with our safety standards,' they said. The aircraft will also be investigated by engineers, the spokesman said.
News.com.au
6 hours ago
- News.com.au
Frightening moment Virgin Australia flight makes ‘sudden descent'
Passengers on board a Virgin Australia flight from Sydney to Brisbane were terrified after a loss of cabin pressure soon after takeoff, with the aeroplane dropping from 37,000 feet to under 10,000 feet. People were flying on the VA993 from Sydney to Brisbane shortly after 8.30pm Wednesday when the plane lost cabin pressure soon after takeoff. However, about 40 minutes later, the plane dropped suddenly with oxygen masks quickly deployed. Data from FlightRadar showed the plane reached a peak of 37,000 feet about 9pm before making a dramatic drop to 8775 feet. The flight remained at this altitude for the remainder of the journey to Brisbane before making a safe landing. Footage obtained by 10News showed the oxygen masks hanging from the overhead compartments, with flight attendants working to keep people calm. One person on board said the plane made a 'sudden descent', with flight attendants working to keep passengers calm as they feared the worst. Passengers could be heard applauding the flight attendants as the flight eventually returned to normal. Speaking to Channel 10, a passenger, Haley, recalled sending a message to her husband saying the 'planes dropping'. 'Emergency landing – love you,' she wrote. A Virgin Australia spokesman confirmed the flight arrived safely in Brisbane – albeit 10 minutes behind schedule – following the 'depressurisation event'. 'The flight crew took the appropriate steps, following standard operating procedures, to descend to a lower altitude,' they told NewsWire. 'As part of that process, a PAN call was transmitted to Air Traffic Control.' PAN calls are internationally recognised calls for urgency, signalling the vessel requires help for an urgent situation. It is different to a Mayday call, which is only reserved for life-threatening emergencies. The spokesman told NewsWire no passengers or crew members were injured during the incident, and all had been approached by its guest relations team for counselling services. 'Safety remains Virgin Australia's number one priority, and we are reviewing the situation in line with our safety standards,' they said. The aircraft will also be investigated by engineers, the spokesman said.
News.com.au
7 hours ago
- News.com.au
Closing Bell: ASX rebounds, fuelled by utilities gains
ASX rebounds to set new intraday high, up 0.53pc Origin Energy leads gains alongside utilities sector Unemployment rate falls, lowering interest rate cut chances ASX sets new intraday high The ASX rebounded powerfully from yesterday's profit taking, adding 0.53% or 46.7 points by the end of the day. The market briefly touched a new intraday high of 8899 points, but couldn't hold the gains to mark off a new record close as well. We're currently sitting 0.28% off that intraday high. Today's hero was the utilities sectors, riding high on a surge in Origin Energy (ASX:ORG) shares (+6.3%) alongside some other solid performances among its brethren. The gas and electricity provider lifted underlying profits by $307m year-on-year and offered up a second 30c dividend to bring the financial year's full offering to 60c a share. AGL Energy (ASX:AGL) also climbed 2.5%, while Genesis Energy (ASX:GNE) lifted 2.8% and Energy World Corp (ASX:EWC) 1.7%. Overall, eight of 11 sectors finished higher and the Banks (+1.3%), Tech (+1.3%) and Gold indices (+0.33%) lent their momentum to boot. Looking for coverage of today's earnings reports? Check out our midday Lunch Wrap courtesy of the preeminent Eddy Sunarto for deets on Westpac (ASX:WBC), Suncorp Group (ASX:SUN), Pro Medicus (ASX:PME), Temple & Webster (ASX:TPW) and South32's (ASX:S32) earnings performances today. More Australians employed more efficiently The ABS released its employment stats today, which fell overall in line with expectations at 4.2%, with 25,000 jobs created in the past month. The numbers tell a story of a more efficiently employed workforce, too – part-time workers fell by 36,000 while full employment lifted by 60,000 positions. Our underutilisation rate – which combines unemployment and underemployment rates – fell by 0.2% to 10.1%, maintaining an ongoing downward trend. Women's participation in the work force hit a record high this month, with the participation rate reaching 63.5%. 'Trend annual employment growth has been faster than population growth for most of the past year, but has slowed in recent months to be in line with annual population growth in July,' ABS head of labour statistics Sean Crick said. The numbers were exactly in line with both the market's and the RBA's expectations, lowering the expectations for a September interest rate cut to 35% according to the ABC's business blog. That said, expectations for a rate cut before November are still high at 78%. ASX Leaders Today's best performing stocks (including small caps): Code Name Last % Change Volume Market Cap ATV Activeport Group Ltd 0.023 142% 1.52E+08 $6,526,282 GGE Grand Gulf Energy 0.002 100% 804209 $2,820,425 MRD Mount Ridley Mines 0.004 60% 46808312 $1,946,223 CRB Carbine Resources 0.006 50% 2879525 $4,000,652 MEL Metgasco Ltd 0.003 50% 100000 $3,674,173 PRM Prominence Energy 0.003 50% 15207265 $972,941 TMX Terrain Minerals 0.003 50% 331104 $5,063,629 OLY Olympio Metals Ltd 0.13 44% 593543 $9,276,057 BPP Babylon Pump & Power 0.007 40% 8348639 $19,034,455 MMR Mec Resources 0.007 40% 9922730 $9,248,829 CR9 Corellares 0.004 33% 750000 $3,021,809 DTI DTI Group Ltd 0.008 33% 66887 $5,382,617 BPH BPH Energy Ltd 0.012 33% 21504358 $10,964,095 FUL Fulcrum Lithium 0.078 26% 460054 $4,681,000 FRB Firebird Metals 0.175 25% 4568697 $19,930,596 BLU Blue Energy Limited 0.01 25% 3181706 $14,807,789 DBO Diabloresources 0.02 25% 1983870 $2,689,854 DTM Dart Mining NL 0.0025 25% 10091666 $2,396,111 CAN Cann Group Ltd 0.016 23% 1108697 $8,466,991 IS3 I Synergy Group Ltd 0.011 22% 4113289 $15,356,699 WTM Waratah Minerals Ltd 0.75 22% 4837566 $143,610,044 DTR Dateline Resources 0.2 21% 57147520 $527,867,058 BB1 Blinklab Limited 0.53 20% 862076 $38,394,908 SOR Strategic Elements 0.042 20% 2378280 $16,586,467 FBR FBR Ltd 0.006 20% 4066783 $28,447,261 In the news… Activeport (ASX:ATV) has launched Australia's first 'private cloud networking superhighway', Private-Cloud Connect, swiftly bringing three new customers on board. The networking infrastructure product offers high speed data communication ports, connecting branch offices to private cloud services hosted in colocation data centres. With AI and data-heavy cloud computing gaining rapidly in property, ATV reckons there's a solid market to corner in connecting private business with high-powered data centres. Health and wellness food company OMG Group's (ASX:OMG) Blue Dinosaur snack products are set to be stocked in 750 7-Eleven stores across Australia as part of a ranging deal. OMG has been building strong sales momentum in recent months, increasing cash receipts by 42% to more than $1.6m quarter-on-quarter. ASX Laggards Today's worst performing stocks (including small caps): Code Name Last % Change Volume Market Cap GGE Grand Gulf Energy 0.001 -50% 31455 $5,640,850 BEL Bentley Capital Ltd 0.015 -42% 4318593 $1,979,326 DTM Dart Mining NL 0.002 -33% 21263802 $3,594,167 PRM Prominence Energy 0.002 -33% 255120 $1,459,411 SKK Stakk Limited 0.005 -29% 8192 $14,525,558 AQX Alice Queen Ltd 0.003 -25% 151531 $5,538,785 AYT Austin Metals Ltd 0.003 -25% 4674800 $6,336,765 MRQ Mrg Metals Limited 0.003 -25% 691143 $10,906,075 AQC Auspaccoal Ltd 0.008 -20% 7558757 $7,004,676 ARV Artemis Resources 0.004 -20% 350432 $14,328,361 OSX Osteopore Limited 0.008 -20% 8341781 $2,372,600 TMX Terrain Minerals 0.002 -20% 1446699 $6,329,536 VRC Volt Resources Ltd 0.004 -20% 27625 $23,424,247 OZM Ozaurum Resources 0.062 -17% 2193670 $17,182,640 SRK Strike Resources 0.029 -17% 150000 $9,931,250 EVE EVE Health Group Ltd 0.03 -17% 115684 $8,863,557 IXC Invex Ther 0.075 -17% 1332 $6,763,846 1AD Adalta Limited 0.0025 -17% 2078341 $3,463,949 FBR FBR Ltd 0.005 -17% 2494829 $34,136,713 GLL Galilee Energy Ltd 0.01 -17% 300000 $8,486,315 MRD Mount Ridley Mines 0.0025 -17% 323599 $2,335,467 SPQ Superior Resources 0.005 -17% 7554456 $14,225,896 TMK TMK Energy Limited 0.0025 -17% 12258062 $30,667,149 BVS Bravura Solution Ltd 2.02 -17% 13434796 $1,085,016,685 FNX Finexia Financialgrp 0.17 -15% 145035 $12,460,793 In Case You Missed It Legacy Minerals Holdings (ASX:LGM) has reported promising early diamond drilling results from the Thomson project in western New South Wales. DY6 Metals' (ASX:DY6) preliminary metallurgical testing of ore from the Tundulu rare earths and phosphate project in Malawi has identified the opportunity to produce a phosphoric acid grade flotation concentrate co-product. Sipa Resources (ASX:SRI) has wrapped up RC drilling and is preparing to get an aircore program underway at the Tunkillia North and Nuckulla Hill gold projects. Argenica Therapeutics (ASX:AGN) now has a clear path forward to clear the clinical hold currently in place on its investigational new drug application that will enable clinical trials for its lead drug ARG-007. Trading Halts
