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September 01, 2015 12:04 AM ET

Airlines

Company Overview of Virgin Australia Holdings Limited

Company Overview

Virgin Australia Holdings Limited operates airlines in Australia. It operates through Domestic Operations and International Operations segments. The company’s aircraft flies to a range of Australian domestic ports, including regional network operations, as well as international destinations comprising of Trans-Pacific, Abu Dhabi, Trans-Tasman, Pacific Island, and South East Asian routes. Its fleet includes Boeing 777-300ER, Airbus A3 30-200, Boeing 737-800, Airbus A320, Boeing 737-700, Embraer E170 and E190, ATR 72-500/600, and Fokker F50 and F100. The company serves leisure, corporate, government, and regional markets. It has strategic alliances with Air New Zealand Limited, Etihad Airways ...

56 Edmondstone Road

Bowen Hills, QLD 4006

Australia

Founded in 2000

Phone:

61 7 3295 3000

Fax:

61 7 3295 3996

Key Executives for Virgin Australia Holdings Limited

Chief Executive Officer, Managing Director, Director and Member of Safety & Operational Risk Review Committee
Age: 59
Total Annual Compensation: $2.7M
Chief Financial Officer
Total Annual Compensation: $1.3M
Chief Operating Officer
Total Annual Compensation: $385.0K
Chief Commercial Officer
Total Annual Compensation: $924.0K
Chief Customer Officer
Total Annual Compensation: $856.0K
Compensation as of Fiscal Year 2014.

Virgin Australia Holdings Limited Key Developments

The Australian Competition and Consumer Commission Grants Virgin Australia and Delta Air Lines Authorisation to Coordinate its Operations Between Australia and the United States for Further Five Years

The Australian Competition and Consumer Commission has granted Virgin Australia and Delta Air Lines authorisation to coordinate their operations between Australia and the United States for a further five years. The alliance allows Virgin and Delta to offer a single integrated network, which includes services: between Australia and the US and within the respective Australian and US domestic networks. The enhanced products and services and single integrated network allows Virgin and Delta to compete more effectively with the incumbents on routes between Australia and the US. The applicants sought re-authorisation for a period of 10 years. The ACCC granted authorisation for five years due to the ongoing evolution of services on the trans-Pacific and the dynamic nature of the aviation industry. Authorisation provides immunity from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act (2010). Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.

Virgin Australia Holdings Limited Announces Unaudited Consolidated Earnings Results for the Year Ended June 30, 2015

Virgin Australia Holdings Limited announced unaudited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported revenue and income AUD 4,749.2 million against AUD 4,306.6 million a year ago. Net operating expenditure was AUD 4,802.7 million against AUD 4,633.0 million a year ago. Loss before related income tax benefit and net finance costs was AUD 70.1 million against AUD 375.1 million a year ago. Loss before income tax benefit was AUD 163.3 million against AUD 481.5 million a year ago. Net loss attributable to owners of the company was AUD 110.8 million or AUD 3.2 per basic and diluted share against AUD 353.8 million or AUD 11.4 per basic and diluted share a year ago. Net cash from operating activities was AUD 218.1 million against AUD 7.7 million a year ago. Acquisition of property, plant and equipment was AUD 577.3 million against AUD 360.2 million a year ago. Acquisition of intangible assets was AUD 60.3 million against AUD 72.4 million a year ago. Underlying loss before tax was AUD 49 million.

Virgin Australia Holdings Limited, 2015 Fixed Income Call, Aug 11, 2015

Virgin Australia Holdings Limited, 2015 Fixed Income Call, Aug 11, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 17, 2014
Tiger Airways Australia Pty Ltd.
 

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