News: VAH Virgin Australia Q3 statutory loss after tax $69 mln

May 18 (Reuters) - Virgin Australia Holdings Ltd (VAH) :

• Underlying loss before tax of $62.3 million and a statutory loss after tax of $69.0 million for Q3 of 2017
• Currently expects its underlying performance for Q4 of 2017 financial year to improve on Q4 of 2016 financial year
• Expected that adverse cost impact of EMBRAER 190 and ATR fleet simplification measures will be reduced over next 12 months
• Qtrly group revenue load factor 78.8% versus 78.2% a year ago
• Qtrly group available seat kilometres 11,181 million versus 11,651 million
• On track to deliver net free cash flow savings increasing to $300 million per annum from better business program by end of FY19
• Qtrly group revenue passenger kilometres 8,808 million versus 9,108 million