chinadaily.com.cn Wed, June 4, 2025
left corner left corner
China Daily Website

Virgin Australia returns to profit

Updated: 2012-08-28 10:18
( Xinhua)
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
)
Print Mail Large Medium  Small
分享按钮 0

SYDNEY - Australia's second largest airline Virgin Australia on Tuesday announced a net profit of 22.8 million AU dollars ($23.61 million) for the 2012 financial year, an improvement of 90.6 million AU dollars on the prior corresponding period.

Virgin Australia Chief Executive Officer John Borghetti said the company's improved financial performance throughout the year showed that its Game Change Program strategy was delivering positive results despite the challenging economic environment and high fuel prices.

"Our progress in attracting higher yielding corporate and government customers has been a key driver of our improved profitability," Borghetti said in a statement.

"This segment now makes up 20 percent of our domestic revenue and, encouragingly, over the last three months we have averaged above this level."

He said the company had also benefited from its increased international alliances.

"Today's results confirm we have changed the competitive landscape in Australian aviation and we are now ready for the next phase of our development," Borghetti said.

Borghetti said the uncertain economic environment meant the company was able to provide clear 2013 financial year guidance at this stage.

Despite the positive result, Virgin has not declared any dividend for its shareholders.

Comments (English only) View Comments
Your name

Messages that harass,abuse or threaten others;have obscene or otherwise objectionable content;have commercial or advertising content or links may be removed.

Comments: ( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
)

...
...
...