Airline Virgin Australia has fallen into the red.The company today reported a net loss of $98.1 million for the year to June 30, compared with a $22.8 million profit the previous year.
Malaysian multinational Sime Darby Group is quitting the WA property market after putting its three hospitality assets, including the picturesque Karri Valley Resort, up for sale.
Gaming and hotels company Crown has seen its profit fall more than 20 per cent amid weak consumer confidence and losses from the sale of its stake in rival Echo.
Airline Virgin Australia expects to book an annual loss of $95 million to $110 million, blaming the difficult economy, competition, restructuring costs and the carbon tax.
Casino operator Crown is shaking up its senior management in a move that sees its Perth resort boss promoted at the expense of his Melbourne counterpart.
Liza Harvey will become Western Australia's new tourism minister, replacing Kim Hames who was forced to give up the portfolio after admitting an expenses bungle.
Security screening staff at Perth Airport's Qantas terminal have dug in for a fourth week of industrial action as they remain embroiled in a wage dispute with employer MSS Security.
Security screeners at Perth Airport's Qantas terminal are poised to strike again after their employer locked staff out of the job for wearing "Paid Less in the West" T-shirts.
The Cable Beach Club Resort and Spa, YHA Hostels and the Murray Hotel in West Perth were among the winners in the latest round of federal tourism grants designed to support regional development.
Qantas has rejected former prime minister Malcolm Fraser's claim it interfered in the case of two Australian businessmen languishing in detention in Dubai.
Virgin Australia's first half profit has slumped by 56 per cent but it expects to improve its underlying performance despite challenging economic conditions.
In the face of a high dollar, Australian tourism chiefs are turning to multi-billion-dollar business events to lure more foreigners - and their cash - to our shores.
James Packer's casino operator Crown has posted a 34 per cent drop in first half profit, as weak consumer sentiment and refurbishment work affected its business.