Nov 2 (Reuters) - Virgin Australia Holdings Ltd (VAH)
- Q1 group's statutory loss after tax for quarter was $34.6 million
- Group expects to deliver net free cash flow savings increasing to $300 million per annum by end of 2019 financial year
- For quarter, group's total revenue passengers increased by 4.8 per cent
- Cost per available seat kilometre for quarter decreased compared to prior corresponding period
- Qtrly total available seat kilometres declined 0.5 per cent and total sectors flown declined 2.3 per cent on prior corresponding period
- Qtrly revenue load factor improved by 2.0 points on prior corresponding period
- Group has accelerated hedging program, with approximately 90 per cent of its expected fuel consumption hedged for 2017 financial year
- Underlying loss before tax of $3.6 million for q1 of 2017 financial year, a decline of $12.1 million on prior corresponding period
