Virgin Australia half-year profit tops estimate on strong holiday demand
Virgin Australia’s pre-tax earnings rose 11.7% to $490 million driven by leisure demand and Velocity loyalty growth despite ongoing industry cost pressures.
8 Articles
8 Articles
Virgin Australia flags boost to Velocity loyalty program, profit jumps
The airline said its first-half results were “underpinned” by $200 million in benefits from progress in the group’s transformation program – but cost pressures remain.
Virgin Australia half-year profit tops estimate on strong holiday demand
Feb 27 (Reuters) – Virgin Australia posted a 20.7% rise in half-year underlying profit on Friday, beating estimates as strong customer demand and benefits from its transformation program lifted the bottom line. Australia’s second-largest airline reported underlying net profit after tax of A$278.7 million ($198.07 million) for the six months ended December 31, beating Visible Alpha’s consensus estimate of A$261.1 million and up from A$230…
Virgin Australia posts 1HFY26 earnings
The Virgin Australia Holdings Ltd (ASX: VGN) share price is in focus after the airline reported a 11.7% lift in underlying EBIT for the first half of FY26, with underlying NPAT up 20.7% to $279 million despite ongoing industry cost pressures. What did Virgin Australia report? Revenue: $3.32 billion, up 9.3% on 1HFY25 Underlying EBIT: $490 million, up 11.7% Underlying NPAT: $279 million, up 20.7% Statutory NPAT: $341 million, down 27.9% due to p…
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