Aug 29 (Reuters) - Virgin Australia Holdings (VAH) on Wednesday swung to an annual underlying profit, boosted by rising domestic demand, although the figure came in below market expectations.
Australia's No. 2 airline's full-year underlying pretax profit, its most closely watched measure, was A$109.6 million ($80.2 million) in the 12 months ended June 30, compared to A$3.7 million loss for the prior year.
The figure was below an average estimate of A$113.5 million from four analysts surveyed by Thomson Reuters I/B/E/S.
Full-year revenue and income rose 7.4 percent to A$5.42 billion.
($1 = 1.3669 Australian dollars)
- Forums
- ASX - By Stock
- VAH
- News: VAH Virgin Australia swings to profit on higher domestic demand
News: VAH Virgin Australia swings to profit on higher domestic demand
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VAH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online