The cost of restructuring at Virgin Australia kept the airline underwater in the final quarter of 2016.
The underlying loss before tax of $21.9 million for the three months was an improvement of $15 million on the corresponding period the year before.
The result includes the impact of previously announced charges, mainly restructuring.
For the full year, the underlying profit before tax was $41 million, an improvement of $90.1 million on 2015.
However, the statutory loss after tax for the 12 months was $224.7 million.
A short time ago, Virgin Shares were up 2.3% to $0.220.
In February, Virgin posted a $62.5 million half year profit compared to a loss of $47.8 million the year before. The result, an impro…
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