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Two planes sporting the new branding for the Virgin Australia airline, replacing Virgin Blue and V Australia brands at Sydney Airport, Sydney, Wednesday, May 4, 2011. (AAP Image/Dean Lewins) NO ARCHIVING

Virgin reveals $355m loss

A DAY after Qantas posted its worst loss in history, domestic rival Virgin Australia has also announced a loss of $355.6 million and revealed stake in frequent flyer program will be sold off.

Travel
Qantas chief executive Alan Joyce announces the airline's full year results in Sydney on Thursday, Aug. 28, 2014. Qantas has posted a bottom line net loss of $2.84 billion for the year to June 30, compared to a $1 million profit a year ago. (AAP Image/Paul Miller) NO ARCHIVING

Flying kangaroo is pulling up – Joyce

QANTAS spilt $2.8 billion worth of red ink in a horror financial year but chief executive Alan Joyce yesterday maintained his plan to turn around the airline by sacking 5000 staff was working.

Original URL: https://www.ntnews.com.au/business/companies/travel/page/144