{"id":144383,"date":"2023-10-10T12:30:32","date_gmt":"2023-10-10T12:30:32","guid":{"rendered":"https:\/?p=144383"},"modified":"2023-10-10T21:56:50","modified_gmt":"2023-10-10T21:56:50","slug":"virgin-australia-clocks-first-profit-in-11-years","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/10\/virgin-australia-clocks-first-profit-in-11-years.html","title":{"rendered":"Virgin Australia clocks first profit in 11 years"},"content":{"rendered":"<p><strong>Virgin Australia<\/strong> said on Tuesday that the airline returned to a profit for the first time in 11 years for fiscal 2023, buoyed by a strong recovery in travel demand following the COVID-19 pandemic.<\/p>\n<p>The carrier reported a statutory net profit after tax of A$129 million ($82.93 million) for the full year ended June 30, 2023, compared with a loss of A$565.5 million in 2022.<\/p>\n<p><em><strong>\u2192 <a href=\"https:\/en\/2023\/09\/aussie-regulator-moves-to-block-qantas-china-eastern-cooperation.html\">Aussie regulator moves to block Qantas-China Eastern cooperation<\/a><\/strong><\/em><\/p>\n<p>Virgin Australia now has a considerably stronger balance sheet with continued significant improvement in its cost base, CFO Race Strauss said in a statement on Tuesday.<\/p>\n<p>The group revenue more than doubled to A$5 billion, <a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/virgin-australia-clocks-first-profit-11-years-travel-demand-recovers-2023-10-10\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reported.<\/p>\n<p>&#8220;Our balance sheet is now considerably stronger and the cost base of the business has significantly improved from recent years. Future transformation plans put us in a good position to manage cost headwinds and continue to improve our business,&#8221; Strauss added.<\/p>\n","protected":false},"excerpt":{"rendered":"Virgin Australia said on Tuesday that the airline returned to a profit for the first time in 11&hellip;\n","protected":false},"author":4316,"featured_media":103888,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,233,561],"class_list":{"0":"post-144383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-australia-2","11":"tag-virgin-australia-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Virgin-Australia-B737-MAX.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Virgin Australia said on Tuesday that the airline returned to a profit for the first time in 11&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=144383"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144383\/revisions"}],"predecessor-version":[{"id":144384,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144383\/revisions\/144384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/103888"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=144383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=144383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=144383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}