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BRIEF-Virgin Australia posts FY17 underlying loss before tax of $3.7 million

Published 10/08/2017, 09:09 am
Updated 10/08/2017, 09:10 am
© Reuters.  BRIEF-Virgin Australia posts FY17 underlying loss before tax of $3.7 million
VAH
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Aug 10 (Reuters) - Virgin Australia Holdings Ltd VAH.AX

* FY17 group underlying loss before tax of $3.7 million - with a significant improvement in performance in Q4 FY17, up $38.4 million on Q4 FY16

* Fy group statutory loss after tax of $185.8 million - an improvement of $38.9 million on FY16

* Positive momentum seen in Q4 FY17 expected to continue and underlying performance for Q1 FY18 is expected to improve compared to Q1 FY17

* "Underlying performance for Q1 FY18 is expected to improve compared to Q1 FY17"

* FY group revenue was $5,047.3 million, an improvement of $26.3 million on the 2016 financial year

* "For the 2018 financial year, the group is highly hedged against adverse movements in fuel prices and foreign exchange rates"

* FY group revenue passengers $24.2 million, up 1.9 percent

* FY group revenue load factor 80.2%, up 0.8 points

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