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News from across Australian aviation

Virgin Australia posts second quarterly profit, provides upbeat outlook

Virgin Australia has posted a second consecutive quarter of underlying profit and expects further improvement over the next six months as its transformation program supports an improved bottom line.

The airline Group achieved underlying profit before tax (PBT) in the vicinity of $14.4 million for the three months to September 30 2017, a turnaround of $18 million from an underlying before tax loss of $3.6 million in the prior corresponding period.