Category: Virgin Australia

Virgin Australia chief executive John Borghetti says low fares may not be enough to stimulate travel as persistently soft demand due to worries about the economy and overseas turmoil dampen consumer confidence and keep people from travelling. While Virgin’s domestic operations managed a big lift in financial performance in 2015/16, with underlying earnings before interest and tax

Virgin Australia says it has reached its target of securing 30 per cent of its domestic revenue from the corporate and government travel sector. The airline said in its full year results presentation released on Friday that its domestic flying managed to grow its share of that high-yielding part of the market in 2015/16, with

One-off charges thanks to cost-cutting and fleet-reduction efforts have pushed Virgin Australia to a $224.7 million statutory loss for 2015/16. While the airline group’s financial performance for the 12 months to June 30 2016 was down from the statutory loss of $93.8 million in the prior year, the result includes between $410 million and $450 million in

Etihad Airways has confirmed it will take up its full entitlements in Virgin Australia’s capital raising. As a result, the Abu Dhabi-based carrier will maintain its shareholding in Virgin at 21.83 per cent and keep its seat on the board. This content is available exclusively to Australian Aviation members. Login Become a Member To continue