Virgin Blue FY2009 revenue up 12.8%

Virgin Blue revenue up 12.8% - financial highlights for the 12 months ended 30-Jun-2009:

• Revenue: USD2,178 million, +12.8% year-on-year;
  • V Australia*: USD57.0 million, n/a;
• Operating costs: USD2,202 million, +22.0%;
  • Fuel: USD618.9 million, +27.1%;
  • Labour: USD491.9 million, +11.0%;
  • Airport charges, navigation and station operations: USD442.4 million, +16.9%;
• Operating profit (loss): (USD24.0 million), compared to a profit of USD124.7 million in the previous corresponding period;
• Net profit (loss): (USD132.2 million), compared to a profit of USD80.7 million in the previous corresponding period;
• Underlying EBIT* (loss):
  • V Australia: (USD52.9 million), n/a;
• Passenger traffic (RPKs): +16.0%;
• Passenger load factor: 79.1%, -0.6 ppt;
• Yield per RPK: USD 9.0 cents, -5.3%;
  • Short-haul: -2.4%;
• Cost per ASK ex fuel: USD 5.4 cents, -4.0%;
  • Short-haul: -4.8%.
• Based on the conversion rate at USD1 = AUD1.21
• *V Australia's first four months of operation [more]

Virgin Blue: "Notwithstanding further economic deterioration and based on current market conditions, the group result for FY2010 is expected to be breakeven, with a positive group cash inflow (excluding proceeds from the recent equity raising)," Company statement. Source: Virgin Blue, 27-Aug-2009.