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

Virgin Australia to post lower profit as fleet reduction costs rise

Getting rid of surplus aircraft has cut after-tax profit for the nine months to just over break-even.

Nevil Gibson
Tue, 03 May 2016

Virgin Australia is cutting back on more routes as it continues to post statutory losses on its operations.

In its latest trading update to the ASX, the struggling Australian airline says its statutory loss for the three months to March 31 had more than doubled to $A58.8 million. This followed a

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Nevil Gibson
Tue, 03 May 2016
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Virgin Australia to post lower profit as fleet reduction costs rise
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