Virgin Australia reported strong first‑half profit growth and saw underlying EBIT rise, while statutory net profit was affected by exhausted deferred tax credits. The carrier plans moderate capacity growth and expects nine more Boeing aircraft deliveries through June to advance its fleet renewal.
Discovered |
Briefing
Underlying EBIT rose 11.7% to $490m, showing margin improvement despite rising costs and a statutory net profit decline tied to exhausted deferred tax credits; the result lands as rival Qantas prepares for a major delivery surge.
Nine Boeing deliveries due through June materially accelerate Virgin’s fleet renewal and support near‑term network moves, including the new Canberra–Bali service.
Maintaining disciplined, moderate capacity expansion and a recent senior leadership reorganisation underpin execution and operational reliability, complementing improved on‑time performance.
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Reuters
• Julie Zhu, Sneha Kumar
Virgin's profit dented by post-administration tax bill • businessnews.com.au
Virgin Australia posts $279m profit in first half since ASX return • Australian Aviation