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BRIEF-Virgin Australia says Q4 group load factor up by 4.5 points

Published 28/07/2016, 09:47 am
© Reuters.  BRIEF-Virgin Australia says Q4 group load factor up by 4.5 points
VAH
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July 28 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :

* Trading update for fourth quarter ending 30 June 2016 VAH.AX

* Statutory loss after tax for Q4 FY 2016 of $228.4 million - a decline of $210.6 million on Q4 FY 2015,

* Underlying loss before tax for Q4 FY 2016 of $21.9 million

* Group underlying EBIT profit for FY 2016 of $210.6 million - an improvement of $144.7 million on FY 2015

* Q4 group revenue passengers up 4.2 per cent on prior corresponding period

* Statutory loss after tax for Q4 FY 2016 of $228.4 million

* Q4 group load factor up by 4.5 points on the prior corresponding period

* Statutory loss after tax for FY 2016 of $224.7 million - including the impact of previously announced charges related to the better business program

* Group is targeting net free cash flow savings increasing to $300 million per

annum (annualised run rate) by the end of the 2019 financial year

* Q4 Virgin Australia domestic capacity reduction of 2.0 per cent in line with consumer demand

* Source text for Eikon ID:nASX7DfvmB

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