Virgin Australia reported an A$62.5 million ($43.8 million) net profit for the six months through Dec. 31, 2015, representing a turnaround from an A$47.8 million loss a year earlier. It was its strongest half-year profit since 2010. Virgin reports that all parts of its business improved during the period, which was its fiscal first half. Most notably, wholly owned low-cost carrier (LCC) Tigerair Australia achieved underlying earnings before interest and taxation (EBIT) of A$13.9 million, ...

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