Virgin Australia Forecasts Profit as Overseas Routes Go Low-Cost

A Boeing Co. 737-800 aircraft operated by Virgin Australia Holdings Ltd. takes off at Sydney Airport in Sydney.

Photographer: Brendon Thorne/Bloomberg

Virgin Australia Holdings Ltd. said it would return to profit by next June for the first time in four years, counting on a switch of long-haul routes to its low-cost Tigerair subsidiary to reverse international losses.

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