Following a drop of 10.3 per cent in the carrier’s share price, Virgin Australia’s Wednesday open was at a 10-year low.

Karl Schuster will be shedding a tear or two over his impending departure, as he prepares to kiss goodbye unlimited Velocity Frequent Flyer points and free stays on Sir Richard’s private island.

Addicted to news about frequent flyer programs? Well, get ready to jab yourself once more with this.

This Aviation Wrap is full of sales, new products and even a couple of big milestones. Call it a fruit salad, if you will.

The battle for frequent flyer supremacy continues apace, with Virgin’s Velocity announcing a giveaway so huge that it might sway Alan Joyce to become a member.

Were you only just raving about Velocity’s low carrier charges? Well, prepare to start ranting after reading this.

Meanwhile, Travel Weekly’s editor has exuberantly forked out $7 for a macadamia milk latte this morning. He now has no money for lunch.

Strap yourself in and get ready to take off on a journey full of new routes, updated menus, increased flight availability and fresh codeshares! It makes for much better reading than it sounds. We promise.

Despite popular belief, Travel Weekly’s road and rail wrap does, on the off-hand, share updates on the road sector (when Thomas & Friends aren’t holding us to ransom).

It’s been speculated for months, and now Virgin Australia has finally confirmed that the co-investor of its Velocity Frequent Flyer program is looking to offload its stake.

You can almost hear Qantas staff hurriedly putting together the airline’s own cheeky billboard upon receipt of this news.

Australia’s favourite rivalry is at it again as Virgin takes aim at Qantas’ “huge” frequent flyer overhaul with a very cheeky billboard.