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13-Feb-2019 10:45 AM

Virgin Australia Holdings reports strongest underlying half yearly result since 2008 in 2018

Virgin Australia Holdings reported (13-Feb-2019) the following financial highlights for the six months ended 31-Dec-2018:

  • Total revenue: AUD3071 million (USD2223 million), +10.0% year-on-year;
    • Passenger: AUD2806 million (USD2031 million), +9.5%;
    • Freight: AUD66.6 million (USD48.2 million), +29.8%;
    • Loyalty programme: AUD197.3 million (USD142.8 million), +12.4%;
  • Operating costs: AUD2904 million (USD2102 million), +7.3%;
    • Labour: AUD668.3 million (USD483.8 million), +6.2%;
    • Fuel: AUD605.4 million (USD438.3 million), +23.6%;
    • Airport charges, navigation and station operations: AUD569.3 million (USD412.1 million), +4.5%;
  • Segment EBIT (loss): AUDAUD191.8 million (USD138.9 million), +19.4%;
    • Virgin Australia domestic: AUD176.7 million (USD127.9 million), +26.8%;
    • Virgin Australia international: (AUD12.0 million) (USD8.7 million), compared to a loss of AUD2.7 million in p-c-p;
    • Velocity: AUD59.0 million (USD42.7 million), +5.0%;
    • Tigerair Australia: (AUD8.0 million) (USD5.8 million), compared to a loss of AUD8.3 million in p-c-p;
  • Profit before net finance costs and tax: AUD167.2 million (USD121 million), +91.7%;
  • Profit before tax: AUD87.7 million (USD63.5 million), +944%;
  • Net profit: AUD73.8 million (USD53.4 million), compared to a profit of AUD4.4 million in p-c-p;
  • Total assets: AUD6051 million (USD4381 million);
  • Cash and cash equivalents: AUD1252 million (USD906 million);
  • Total liabilities: AUD5057 million (USD3661 million). [more - original PR] [more - original PR - II] [more - original PR - III]

*Based on the average conversion rate at AUD1 = USD0.723953

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