Virgin Australia Group EBIT down 59% in FY2019

    Virgin Australia Holdings Ltd reported (27-Aug-2019) the following financial highlights for the 12 months ended 30-Jun-2019:

    • Operating revenue: AUD5827 million (USD4168 million), +7.5% year-on-year;
      • Virgin Australia domestic: AUD3915 million (USD2800 million), +6.3%;
      • Virgin Australia international: AUD1305 million (USD933.4 million), +16.5%;
      • Tigerair Australia: AUD563.4 million (USD403.0 million), -1.3%;
      • Velocity: AUD411.0 million (USD294.0 million), +10.5%;
    • Operating costs: AUD5962 million (USD4265 million), +8.9%;
      • Labour: AUD1346 million (USD962.9 million), +8.0%;
      • Airport charges, navigation and station operations: AUD1108 million (USD792.2 million), +4.4%;
      • Fuel: AUD1179 million (USD843.0 million), +19.6%;
    • Profit (loss) before net finance costs and tax: (AUD134.6 million) (USD96.3 million), +176%;
    • EBIT (loss): AUD89.5 million (USD64.0 million), -58.8%;
      • Virgin Australia domestic: AUD133.4 million (USD95.4 million), -38.2%;
      • Velocity: AUD122.2 million (USD87.4 million), +11.0%;
      • Virgin Australia international: (AUD75.6 million) (USD54.1 million), +248%;
      • Tigerair Australia: (AUD45.0 million) (USD32.2 million), +13.9%;
    • Net profit (loss): (AUD315.4 million) (USD225.6 million), -51.7%;
    • Total assets: AUD6468 million (USD4627 million);
      • Cash and cash equivalents: AUD1740 million (USD1245 million);
    • Total liabilities: AUD5849 million (USD4184 million).