VAH 0.00% 8.6¢ virgin australia holdings limited

News: VAH Virgin Australia swings to profit in Q1

  1. 68,069 Posts.
    lightbulb Created with Sketch. 460

    Nov 8 (Reuters) - Virgin Australia Holdings Ltd (VAH) said on Wednesday it swung to profitability in the first quarter from a loss a year ago as demand improved for its domestic business.

    Underlying profit before tax "improved" by about A$18 million ($14 million) compared with an underlying loss before tax of A$3.6 million a year ago, Australia's second-biggest airline said in a trading update.

    It added its underlying performance for the second and third quarter would continue to improve from last year.

    ($1 = 1.3068 Australian dollars)

 
watchlist Created with Sketch. Add VAH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.