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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

Part Air NZ-owned Virgin signals return to profit

Air NZ will wear $13 million of the loss but analyst says it gains strategically.

Calida Smylie
Fri, 07 Aug 2015

Virgin Australia Group has flagged a return to profit by next year but part-owner Air New Zealand [NZX:AIR] won't see a cash return on its investment until dividends begin.

Virgin [ASX:VAH] made an underlying $A49 million ($53.5 million) loss over the past year, which is an improvement on the

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Calida Smylie
Fri, 07 Aug 2015
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Part Air NZ-owned Virgin signals return to profit
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