VAH 0.00% 8.6¢ virgin australia holdings limited

News: VAH Virgin Australia Holdings Q1 underlying profit before tax improves by about $18 mln

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    Nov 8 (Reuters) - Virgin Australia Holdings Ltd (VAH)

    • On track to deliver $350 million per year in annualised net free cash flow savings by end of FY19
    • In Q1 of FY18 company recorded underlying profit before tax improvement of about $18 million compared to Q1 of FY17
    • Group's Q1 revenue increased by 5.7 percent on prior corresponding quarter
    • "The board has held discussions about privatisation, however there is no outcome to report to the market at this stage"
 
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