Virgin Australia Group reports record core domestic results in FY2018, overall net loss

    Virgin Australia Holdings Ltd reported (29-Aug-2018) the following financial highlights for 12 months ended 30-Jun-2018:

    • Operating revenue: AUD5421 million (USD4202 million), +7.4% year-on-year;
      • Virgin Australia domestic: AUD3664 million (USD2840 million), +6.5%;
      • Virgin Australia international: AUD1120 million (USD868.4 million), +12.1%;
      • Velocity: AUD372 million (USD288.4 million), +0.3%;
      • Tigerair Australia: AUD570.6 million (USD442.3 million), +5.0%;
    • Operating costs: AUD5473 million (USD4243 million), +5.9%;
      • Labour: AUD1247 million (USD966.4 million), +2.3%;
      • Airport charges, navigation and station operations: AUD1061 million (USD822.2 million), +3.6%;
      • Fuel: AUD985.5 million (USD763.9 million), +9.7%;
    • Profit (loss) before finance costs and tax: (AUD48.8 million) (USD37.8 million), compared to a loss of AUD120 million in p-c-p;
    • Segment EBIT (loss): AUD259.5 million (USD201.2 million), +58.1%;
      • Virgin Australia domestic: AUD246.1 million (USD190.8 million), +165%;
      • Virgin Australia international: (AUD12.8 million) (USD9.9 million), compared to a profit of AUD0.5 million in p-c-p;
      • Velocity: AUD110.1 million (USD85.3 million), -22.9%;
      • Tigerair Australia: (AUD36.2 million) (USD28.1 million), compared to a loss of AUD24.3 million in p-c-p;
    • Net profit (loss): (AUD653.3 million) (USD506.4 million), compared to a loss of AUD185.8 million) in p-c-p;
    • Total assets: AUD6188 million (USD4797 million);
    • Cash and cash equivalents: AUD1416 million (USD1097 million);
    • Total liabilities: AUD5093 million (USD3948 million). [more – original PR]

    *Based on the average conversion rate at AUD1 = USD0.775168