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Friday, February 28, 2014

VA Half Year result in the middle ground

After the highs of alliance partner Air New Zealand and the lows of opponent Qantas, Virgin Australia have today announced a "middle ground" position with their Half Year financial results.

While still announcing a statutory after tax loss of $83.7M AUD in comparison with Qantas, Virgin are in no way a loser with this result.
Virgin Australia has progressed with the integration of Skywest, continuing to align resources, systems and processes, and has worked closely with joint venture partner Tiger Airways Holdings Limited (Tigerair) to improve the performance of Tiger Airways Australia Pty Limited (Tigerair Australia). 
The integration of Skywest into the Virgin Australia Regional brand continues with this entity able to charter Virgin Australia jets to operate FIFO and other charter work especially in the WA mining areas.  VA Regional will also take delivery of at least 6 new ATR 72-600 aircraft by the end of the 2015 Calendar year. 

In the six months of the VA/TigerAir venture TigerAir has had an increase in passenger numbers of 3.5%, with a 4.5% increase in Load Factor and aircraft utilisation has increased by 12.7%

Read the Virgin Australia release to the ASX HERE

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