Virgin Australia announce financial results
- By Jack Preston -
- Aug 28, 2012
Virgin Australia have announced strong financial results for the past year, with the airline reporting a marked improvement on the previous 12 months.
“The Group’s improved financial performance throughout the year demonstrates that the Game Change Program strategy is delivering positive results despite the challenging external environment and high fuel prices,” explained Virgin Australia group of airlines Chief Executive Officer John Borghetti.
“Our performance this financial year is a credit to the tireless dedication of our people and the drive they have to make a real difference for our customers. It is also pleasing to see continued improvement in our already strong staff engagement scores this year. Today’s results confirm we have changed the competitive landscape in Australian aviation and we are now ready for the next phase of our development”
The announcement of a net profit after tax of $22 million, marks an increase of over $90 million on the corresponding period from last year.
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