Virgin Australia back to black

Virgin Australia says it has 'returned to profitability' after removing A$300 million in costs and re-signing contracts with more than 450 corporates.


Chief executive Jayne Hrdlicka said: “Confidence in our business strength and operation is at an all-time high.

“We’ve only just touched the tip of the iceberg in what’s possible, and there’s so much energy right across Virgin Australia to make sure we are doing our best to leave a positive difference every time our guests fly with us.”

Rival Qantas also has claimed a turnaround, targeting an underlying profit before tax of up to A$1.3 billion in the first half of the current Australian financial year (FY runs July 1 to June 30).

Virgin Australia back to black

Virgin Australia says it has 'returned to profitability' after removing A$300 million in costs and re-signing contracts with more than 450 corporates.


Chief executive Jayne Hrdlicka said: “Confidence in our business strength and operation is at an all-time high.

“We’ve only just touched the tip of the iceberg in what’s possible, and there’s so much energy right across Virgin Australia to make sure we are doing our best to leave a positive difference every time our guests fly with us.”

Rival Qantas also has claimed a turnaround, targeting an underlying profit before tax of up to A$1.3 billion in the first half of the current Australian financial year (FY runs July 1 to June 30).