March 19, 2018 5:44 AM ET


Company Overview of Virgin Australia Holdings Limited

Company Overview

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, and South East Asian routes, as well as international cargo operations. The company’s fleet primarily includes Boeing B737 and B777, Airbus A320 and A330, ATR, and F100 aircraft. It also operates a frequent flyer program. The company serves corporate, gover...

56 Edmondstone Road

Bowen Hills, QLD 4006


Founded in 2000

9,800 Employees


61 7 3295 3000

Key Executives for Virgin Australia Holdings Limited

MD, CEO & Executive Director
Age: 61
Total Annual Compensation: A$4.1M
Chief Financial Officer
Total Annual Compensation: A$1.5M
Chief Executive of Virgin Australia Regional Airlines & Group Cargo
Total Annual Compensation: A$1.2M
Chief Executive Officer of Velocity Frequent Flyer
Total Annual Compensation: A$600.0K
Acting Group Executive of Virgin Australia Airlines
Total Annual Compensation: A$1.2M
Compensation as of Fiscal Year 2017.

Virgin Australia Holdings Limited Key Developments

Virgin Eyes Privatisation

Virgin Australia Holdings Limited (ASX:VAH) is inching towards privatization. The timing of the privatisation is unknown.

Virgin Australia Holdings Limited Announces Board Changes, Effective February 28, 2018

Virgin Australia Holdings Limited announced that Rob Thomas will step down from his role as an Independent Non-Executive Director of the Virgin Australia Group effective on February 28, 2018. The Virgin Australia Group also announced the appointment of Robin Kamark as an Alternative Director for Harsh Mohan, effective on February 28, 2018. Mr. Mohan is the nominated representative of Etihad Aviation Group on the Board of the Virgin Australia Group. Mr. Kamark is CEO of Airline Equity Partners at Etihad Aviation Group.

Virgin Australia Holdings Limited Reports Earnings and Operating Results for Half Year Ended December 31, 2017; Provides Earnings Guidance for the Year Second Half of 2018

Virgin Australia Holdings Limited reported earnings and operating results for half year ended December 31, 2017. For the half year, the company reported the group delivered an underlying profit before tax result of $102.5 million, up by $60.2 million compared to the prior corresponding period, the improvement was driven by a number of factors including unit revenue and passenger growth, capacity and network optimisation and further progress in implementing the better business program. The Group's statutory profit after tax result was up $25.9 million on the prior corresponding period, to $4.4 million. Group revenue of $2,791.0 million ­ up 6.0%. Total debt was $363.76 million and cash generated from operating activities was $270.6 million, representing an 88.6 per cent improvement on the prior comparative period. For the period, the company's group revenue load factor was 81.9% compare to 81.3% last year. Group revenue passengers was $12,831,292 compare to $12,541,985 a year ago. Available Seat Kilometres was 24,665 million against 24,277 million a year ago. Revenue Passenger Kilometres was 20,211 million against 19,735 million a year ago. Based on the Group's recent positive performance trajectory, current market conditions and fuel headwinds net of foreign exchange for the second half, The company expects the Group's underlying performance for the second half of the 2018 financial year to improve compared to the Group's underlying performance for the second half of the 2017 financial year.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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