Company Overview of Virgin Australia Holdings Limited
Virgin Australia Holdings Limited engages in the operation of domestic and international airline business in Australia. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. Its aircraft flies to domestic destinations, including regional network and cargo operations; and international destinations comprising Trans-Pacific, Abu Dhabi, Trans-Tasman, Pacific Island, Denpasar, and South East Asian routes, as well as international cargo operations. The company’s fleet includes Boeing B737 and B777, Airbus A320 and A330, ATR, Embraer E190, and Fokker F50 and F100 aircraft. It also operates a frequent flyer program. The co...
56 Edmondstone Road
Bowen Hills, QLD 4006
Founded in 2000
Key Executives for Virgin Australia Holdings Limited
Chief Executive Officer, Managing Director and Executive Director
Total Annual Compensation: A$2.4M
Chief Financial Officer
Total Annual Compensation: A$728.0K
Chief Executive of Virgin Australia Regional Airlines and Virgin Australia Cargo
Total Annual Compensation: A$913.0K
Chief Executive Officer of Tigerair Australia
Total Annual Compensation: A$872.0K
Chief Executive Officer of Velocity Frequent Flyer
Total Annual Compensation: A$791.0K
Compensation as of Fiscal Year 2016.
Virgin Australia Holdings Limited Key Developments
Virgin Australia Holdings Limited Plan to Services Between Australia and the Hong Kong
Feb 16 17
Virgin Australia Holdings Limited plan to introduce new direct services between Australia and the Hong Kong Special Administrative Region of the People's Republic of China (Hong Kong), as well as Australia and The People's Republic of China (mainland China) operated by Virgin Australia.
Virgin Australia Holdings Limited Announces Unaudited Group Earnings and Operating Results for the First Half Ended December 31, 2016
Feb 16 17
Virgin Australia Holdings Limited announced unaudited group earnings and operating results for the first half ended December 31, 2016. For the period, underlying profit before tax was AUD 42.3 million, statutory loss after tax was AUD 21.5 million, Group revenue was AUD 2,633.7 million, Group underlying EBIT was AUD 127.7 million and net debt was AUD 1,169.8 million against underlying profit before tax of AUD 81.5 million, statutory profit after tax of AUD 62.5 million, Group revenue of AUD 2,658.2 million, Group underlying EBIT of AUD 161.4 million and net debt of AUD 2,106.1 million for the same period a year ago. Cash generated from operating activities was AUD 143.5 million against AUD 98.2 million a year ago. Revenue results were largely driven by subdued trading conditions in the domestic market. The group reported a statutory loss after tax which includes the impact of restructuring charges from the implementation of Better Business initiatives, with the majority of charges related to fleet simplification.
For the period, the company reported revenue passengers of 12,541,985 compared to 12,060,938 a year ago. Revenue passenger kilometers were 19,735 million compared to 19,283 million a year ago. Available seat kilometers were 24,277 million compared to 24,172 million a year ago. Revenue load factor was 81.3% compared to 79.8% a year ago.
Virgin Australia Holdings Limited Reports Earnings and Operating Results for the Second Quarter Ended December 31, 2016
Feb 2 17
Virgin Australia Holdings Limited reported earnings and operating results for the second quarter ended December 31, 2016. For the quarter, the company reported underlying profit before tax of $45.9 million, a decline of $27.1 million on the prior corresponding period. The statutory profit after tax for the second quarter of the 2017 financial year was $13.1 million. It reported a $936.3 million reduction in net debt an improvement of 44.5%.
For the quarter, the company reported revenue passengers of 6,302,021 compared to 6,106,420 a year ago. Revenue passenger kilometers were 9,919 million compared to 9,667 million a year ago. Available seat kilometers were 12,195 million compared to 12,035 million a year ago. Revenue load factor was 81.3% compared to 80.3% a year ago.
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