Subscribe


Travel Daily

TD breaking news – Virgin Australia reports quarterly loss of $228 million

Carrier takes the impact of restructuring charges, but ‘underlying result” improves. 

Virgin Australia has just provided an update to the ASX, indicating a $210.6 million decline in profit for the three months to 30 Jun, giving a statutory loss after tax of $228.4 million.

The carrier said this was the result of previously announced restructuring charges as it simplifies its fleet, due to “efficiency activities and the Better Business program, which will deliver significant, sustainable savings going forward”.

For the full year the airline expects to report a statutory after-tax loss of $224.7 million, with an underlying profit before tax of $41 million, an improvement of $90.1 million on the 2014/15 financial year.

CEO John Borghetti said the Virgin Australia group had improved its underlying performance, passenger numbers and load factors in the fourth quarter in a challenging operating environment.

More details in today’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 28 Jul 16

Make a comment...



Established in 1994, Travel Daily is Australia's leading travel industry publication, and is sent as a paid subscription to people across the industry as a PDF newsletter every weekday.

Register for Travel Daily trial subscription

To sign up for a free 14-day trial, click on the button at right.

Click here to see a sample issue of Travel Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site or find other content below.

Recent Travel Daily articles

27 Mar

Brochures 27 Mar 17 - THIS week's Brochures of the Week is ...


27 Mar

Window Seat 27 Mar 17 - TRAVEL can bring out the worst in ...


27 Mar

Berjaya on tour down under - BERJAYA Hotels and Resorts is on tour ...


27 Mar

Agents get a taste of the Kimberley - THEIR usual habitat is red dirt roads ...


27 Mar

Bench Africa Famil - AFRICA travel specialist Bench Africa treated a ...


27 Mar

MTA’s single-screen advance - MOBILE Travel Agents (MTA) is preparing to ...


27 Mar

France faces the world - THE Normandy region in northern France has ...


27 Mar

Hoffmann tastes Uniworld’s Paris - PHIL Hoffmann Travel's gm Michelle Ashcroft and ...


27 Mar

Mt Buller ski testing - MT BULLER is getting keen for the ...


27 Mar

Expedia review insight - EXPEDIA has announced Guest Review Insights (GRI), ...


27 Mar

KU UK s/over switch - KUWAIT Airways will switch its transatlantic stop ...


27 Mar

New Sanya airport - CHINA'S Hainan Province has announced plans for ...


27 Mar

Malaysia tourism up - AFTER a positive 2016 for Malaysian tourism, ...


27 Mar

Aegean profits shrink - GREEK carrier Aegean Airlines has announced a ...


27 Mar

Rocky promo ending - ROCKY Mountaineer is offering travellers up to ...


27 Mar

Maid Mist early start - MAID of the Mist's 2017 season will ...


27 Mar

BA bio screening - BRITISH Airways has begun introducing facial recognition ...


27 Mar

SAA Vic Falls boost - SOUTH African Airways has lifted capacity on ...


27 Mar

WYSE rego deadline - THE World Youth Student and Educational Travel ...


27 Mar

CostSaver flight offer - COSTSAVER is offering an air deal with ...



Show Travel Daily items by month: