Virgin Australia operating loss improves in FY2017

Virgin Australia reported (10-Aug-2017) the following financial highlights for 12 months ended 30-Jun-2017:

• Revenue: AUD5047 million (USD3804 million), +0.5% year-on-year;
  • Airline passenger: AUD4275 million (USD3222 million), +1.9%;
  • Other ancillary: AUD765.3 million (USD576.8 million), -3.2%
• Operating costs: AUD5171 million (USD3898 million), -2.0%;
  • Labour: AUD1219 million (USD918.9 million), +5.3%;
  • Fuel: AUD1024 million (USD771.6 million), +4.0%;
• Profit (loss) before net finance costs and tax: (AUD121.8 million) (USD91.8 million), compared to a loss of AUD257 million (USD187.2 million) in p-c-p;
• Net profit (loss): (AUD185.8 million) (USD140 million) , compared to a loss of AUD224.7 million (USD163.6 million) in p-c-p;
• Total assets: AUD6356 million (USD4791 million);
• Cash and cash equivalents: AUD1396 million (USD1052 million);
• Total liabilities: AUD4782 million (USD3604 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.753705 for FY2017
*Based on the average conversion rate at AUD1 = USD0.72825 for FY2016