Solid quarter for VA

BTN News
Wednesday, 29 July 2015
Virgin Australia's (VA's) results for the fourth quarter of the 2014-15 financial year show a solid improvement compared to the same 2013-14 period - including a better result for Tigerair Australia.

The Statutory Loss After Tax for the quarter was A$17.8 million.

Group yield and domestic yield both improved in the period, with underlying costs per available seat kilometre - excluding fuel - continuing to decline.

Tigerair Australia recorded a A$9.8 million “underlying loss before tax” for the quarter, which compares favourably to the A$25.8 million loss in the previous corresponding period.

Overall, the group reported a A$49 million loss for the 2014/15 financial year.

Solid quarter for VA

BTN News
Wednesday, 29 July 2015
Virgin Australia's (VA's) results for the fourth quarter of the 2014-15 financial year show a solid improvement compared to the same 2013-14 period - including a better result for Tigerair Australia.

The Statutory Loss After Tax for the quarter was A$17.8 million.

Group yield and domestic yield both improved in the period, with underlying costs per available seat kilometre - excluding fuel - continuing to decline.

Tigerair Australia recorded a A$9.8 million “underlying loss before tax” for the quarter, which compares favourably to the A$25.8 million loss in the previous corresponding period.

Overall, the group reported a A$49 million loss for the 2014/15 financial year.