Velocity Frequent Flyer reports 11% growth in membership, revenue up 9.2% to USD148m

    Virgin Australia reported (13-Feb-2019) the following financial highlights its Velocity Frequent Flyer programme in H1FY2019:

    • Revenue: AUD208.9 million (USD148.4 million), +9.2% year-on-year;
    • EBITDA: AUD63.8 million (USD45.3 million), +7.8%;
    • EBIT: AUD56.2 million (USD39.9 million), +5.0%;
    • Growth of 10.5% growth in membership to 9.5 million.

    Virgin stated Velocity membership growth “exceeded expectations”, adding it is “well positioned for renewed growth”.