close
MENU
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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Nevil Gibson
Tue, 03 May 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Virgin Australia to post lower profit as fleet reduction costs rise
57816
true