Virgin Australia (VA) posted a loss of A$66.6 million ($69.75 million) for its fiscal year ended June 30 compared to a profit of A$21.3 million in the year-ago period.
Virgin Australia (VA) posted a loss of A$66.6 million ($69.75 million) for its fiscal year ended June 30 compared to a profit of A$21.3 million in the year-ago period. The carrier blamed natural disasters in its home state of Queensland, the radical revamp of its product and the introduction of new aircraft for the loss. Virgin Blue and its associate airlines—V Australia and Pacific Blue—was rebranded Virgin Australia in May (ATW Daily News, May 5). More than 50% of ...
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