Virgin Australia reported a net profit of A$4.4 million ($3.4 million) for its fiscal first-half ended Dec. 31, 2017, signaling its multi-year transformation plan is gaining traction. This represents a turnaround from a net loss of A$21.5 million a year earlier. CEO John Borghetti said the result “demonstrates the success of our long-term strategy to reposition the business and strengthen its financial foundation,” although he added there is “more work ahead to ensure we ...

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