News: VAH Virgin Australia posts FY17 underlying loss before tax of $3.7 million

Aug 10 (Reuters) - Virgin Australia Holdings Ltd (VAH)

• FY17 group underlying loss before tax of $3.7 million - with a significant improvement in performance in Q4 FY17, up $38.4 million on Q4 FY16
• Fy group statutory loss after tax of $185.8 million - an improvement of $38.9 million on FY16
• Positive momentum seen in Q4 FY17 expected to continue and underlying performance for Q1 FY18 is expected to improve compared to Q1 FY17
• "Underlying performance for Q1 FY18 is expected to improve compared to Q1 FY17"
• FY group revenue was $5,047.3 million, an improvement of $26.3 million on the 2016 financial year
• "For the 2018 financial year, the group is highly hedged against adverse movements in fuel prices and foreign exchange rates"
• FY group revenue passengers $24.2 million, up 1.9 percent
• FY group revenue load factor 80.2%, up 0.8 points