Virgin Australia has reported its sixth consecutive full-year loss, falling deeper into the red with a $653 million after-tax loss in 2018 compared to a $185 million loss a year ago.
On an underlying level, which strips out the impact of Virgin’s three-year business restructuring and turnaround plan, the airline reported a $109 million profit, up from a $3.7 million loss in 2017.
Virgin Australia has reported its sixth consecutive full-year loss.
Photo: James Alcock
Virgin chief executive John Borghetti said it was the group’s strongest underlying result in a decade, and was driven by record-high earnings in its domestic business.
“Todays financial results show that the business is in a good position to achieve sustainable profitability g…
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