Virgin Australia Group CEO: FY2019 results 'show that we must improve our financial performance'

Virgin Australia Group CEO and managing director Paul Scurrah stated (28-Aug-2019) the group's FY2019 results were disappointing and underscored the need for change. Mr Scurrah stated the results "show that we must improve our financial performance" and while the company has grown a "strong loyal customer base" the group "need to make changes to cost to ensure we see financial benefit from the growth in our business". Mr Scurrah stated: "There are just some strategic decisions that have been made to help with the short term. However, there's more work we need to do on the long term focus and positioning of the business". [more - original PR]