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