Virgin Australia records strong end of year results

Virgin Australia has recorded a positive yearly performance with a group revenue of AUD$5.4 billion ($3.6 billion), a 6.8% increase in comparison to results from 2023. Underlying EBIT for the group was AUD$519 million ($349 million), an 18.2% increase in comparison to last year. Virgin Australia’s airline business recorded a total revenue of AUD$5.1 billion ($3.4 billion) across the year with an underlying EBIT of AUD$392 million ($263 million) – which is an increase of 8.2% – when compared to results from 2023. Elsewhere within the group, Velocity Frequent Flyer – Virgin Australia’s official loyalty program – recorded a total