Profits fall at Virgin Australia

Victoria
By Victoria February 26, 2013 11:11

Profits fall at Virgin Australia

Virgin Australia posted an underlying profit before tax of AU$61 million during the first six months of its fiscal year from AU$96.1 million in the year-ago period.
Statutory net profit after tax also fell from AU$51.8 million to AU$23 million. The airline blames the grounding of Qantas and the new carbon tax for the fall.

Revenue rose by 5.4% during the period however.

Chief executive John Borghetti said: “We have continued to grow our corporate and government revenue and maintained the new norm in which more than 20% of our domestic revenue comes from this higher yielding market.”

Virgin Australia has also introduced its A330 onto flights between Brisbane and Perth and launched two new services between Brisbane and Moranbah and Brisbane and Bundaberg.

Victoria
By Victoria February 26, 2013 11:11
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fprofits-fall-at-virgin-australia%2F"> registered </a> users can comment.