Airline

Virgin Australia reports AU$356 million losses

By Dino D'Amore Aug 29, 2014 1 mins read

Virgin Australia reports AU$356 million losses

Virgin Australia has reported losses of AU$356 million (US$333 million) in its last fiscal year, which is a three-fold increase over the previous year.The results for the year through June 2014 followed an AU$98 million loss the previous year. The company blamed excess market capacity due to competi...

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