Virgin Australia has told staff it recorded $2.8 billion in revenues for the six months to December 31, up from $2.5 billion one year earlier – a result described by the airline’s outgoing chief executive Jayne Hrdlicka as a “strong performance by all parts of the business”.
The company, controlled by Bain Capital, recorded a profit of $236 million for the period, Ms Hrdlicka said in a note to employees on Tuesday afternoon, adding that margins had increased to 8.5 per cent in the six months compared to 5 per cent earlier.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
