While Virgin Australia remains a popular investment option for overseas airlines, the carrier is set to report a significant net loss due to restructuring costs. In its latest financial update, Virgin forecasts a net deficit of 224.7 million Australian dollars ($169.2 million) for its financial year through June 30. This represents a major slide from its net loss of A$93.8 million for the previous fiscal year. The airline is scheduled to announce its full financial results Aug. 5. A large ...

Subscribe to Access this Entire Article

"Virgin Australia forecasts losses on restructuring costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.