Virgin Australia H1 Results

by on February 28, 2014

We’re at the pointy end of reporting season, with Virgin Australia reporting its half-year results to 31 December 2013 today. The group made an $AUD 84 million loss, compared with a $23 million profit in the corresponding 2012 period.

Virgin has recorded significant yield and revenue growth (5.6%), but it has at the same time worn a 4.5% increase in costs, attributed to the new Australian carbon tax, foreign exchange losses, and increasing fuel costs – the latter two being a common refrain across airline reporting this season.

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