Virgin on track for profits as transformation completes

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Virgin Australia says its post-administration transformation is complete and that it will post a profit this financial year as travel demand roars back.

says its post-administration transformation is complete and that it will post a profit this financial year as travel demand roars back after a two-year pandemic-enforced hiatus.

“We have a strong balance sheet, some of the best management in the industry working on our ongoing business transformation, and we’re well advanced in returning to profitability this financial year,” she said.“Confidence in our business strength and operation is at an all-time high.”, which said it would post a $1.3 billion underlying pre-tax profit in the six months to December 31 off the back of a stronger than expected recovery for the travel sector.

“We’ve only just touched the tip of the iceberg in what’s possible and there’s so much energy right across Virgin Australia to make sure we are doing our best to leave a positive difference every time our guests fly with us,” she said.

 

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Gone back to its roots, one would hope

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