🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Virgin Australia Q3 statutory loss after tax $69 mln

Published 18/05/2017, 09:37 am
© Reuters. BRIEF-Virgin Australia Q3 statutory loss after tax $69 mln
VAH
-

May 18 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :

* Underlying loss before tax of $62.3 million and a statutory loss after tax of $69.0 million for Q3 of 2017

* Currently expects its underlying performance for Q4 of 2017 financial year to improve on Q4 of 2016 financial year

* Expected that adverse cost impact of EMBRAER 190 and ATR fleet simplification measures will be reduced over next 12 months

* Qtrly group revenue load factor 78.8% versus 78.2% a year ago

* Qtrly group available seat kilometres 11,181 million versus 11,651 million

* On track to deliver net free cash flow savings increasing to $300 million per annum from better business program by end of FY19

* Qtrly group revenue passenger kilometres 8,808 million versus 9,108 million Source text for Eikon: Further company coverage: VAH.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.