Virgin Australia achieved its strongest underlying profit in a decade for its fiscal year through June 30, although its net loss grew, thanks to significant one-off accounting adjustments. The airline group reported an underlying profit before tax of A$109.6 million during its 2018 fiscal year, compared to a loss of A$3.7 million in the same period a year earlier. However, the net loss for FY2018 was A$653.3 million, widened from a loss of A$185.8 million last year. Virgin said the net ...

Subscribe to Access this Entire Article

"Virgin Australia widens net loss, boosts underlying profit for FY2018" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.