Explore our network. Virgin recorded an underlying loss of $386.7 million in the last financial year as the airline grappled with lockdowns and later COVID isolation. The airlines CEO stated that she is very bullish about the current stage of scheduled border reopening and confirmed Virgins ambition to continue stealing market share from its main rival, Qantas. You will be redirected to update payment method page. You don't have credit card details available. A paid subscription is required for full access. , opens in a new window. This transaction represents an opportunity to accelerate growth and value for Velocity and the Virgin Australia Group. Add Files. The airline is preparing to welcome an additional 600 new members to its workforce in the coming weeks and months, with advertisements already up across five states for roles in engineering, pit crew, cabin crew and corporate. For the year ended June 2022, on time performance over all routes operated by participating airlines (Jetstar, Qantas, QantasLink, Rex Airlines, Virgin Australia and Virgin Australia Regional Airlines) averaged 76.8 per cent for on time arrivals and 76.1 per cent for on time departures. Get a release, presentation and recordings on the latest annual and quarterly reports from Wizz Air here. Revenuesreflect Virgin australia-Domestic segment increase of 1% toA$1.98B. The 2014 Financial Year was an extremely challenging year for the Virgin Australia Group and the Australian aviation industry as a whole. The report says the outstanding debts were renegotiated during the carriers voluntary administration last year. By subscribing, you agree to our Terms and Conditions and Privacy Statement. 2020. tripped to a $1.8 billion underlying pre-tax loss in the 2021 financial year. Secured lenders and aircraft financiers are owed $2,284 million; Unsecured bondholders are owed $1,988 million; Aircraft lessors are owed $1,884 million; Employees are owed $451 million (in the event of liquidation); and. Our heritage; The Singapore Girl; Our fleet; . This statistic is not included in your account. US private equity firm Bain Capital last year. Over the next three years we plan to grow membership to more than 7 million, further diversify Velocitys partner mix, increase partner numbers and strengthen member engagement in both points earned and points redeemed. #1. The airline also confirmed the return of 10 leased 737s, a plan to return to 80 per cent pre-COVID capacity by June and new routes between Melbourne-Hamilton Island and Melbourne-Darwin. Qantas responded by taking action to protect its routes, market share, customer base and ultimately, its business model, Deloitte said. 26 February 2020: Attached for release to the market is the Appendix 4D and Interim Financial Report for the half year ended 31 December 2019. In addition to capitalising on growth businesses, we will be focusing on other opportunities to drive yield enhancement. The underlying before-tax loss a non-statutory figure excluding one-off items was $76.8 million. It was one of the Asia-Pacific region's first airlines to fall when it was placed into voluntary administration on April 21, with debts of $6.8 billion. Help using this website - Accessibility statement. Financial performance for the 2014 Financial Year was impacted by the confluence of excess market capacity, weak consumer sentiment, continued economic uncertainty and the $51.6 million cost of the carbon tax. So only time will tell. Government Commonwealth Consolidated Financial Statements. International flying continues to remain part of the groups strategy, with international flights scheduled from December 2021 in line with reopening roadmaps announced by respective state and federal Australian governments.. case letter, and one special character. 2018. As usual, timell tell. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. "Revenue and Income of Virgin Australia Group in The Financial Years 2015 to 2019 (in Billion Australian Dollars). The airline is planning to hire 600 more employees in the coming weeks and months, with job postings for engineering, pit crew, cabin crew, and corporate positions already up and running in five states. This fleet growth underlines the confidence we have in the future of our business and the industry, generally, Hrdlicka said. Our Annual Report contains further commentary on our . The business has also taken a restructuring provision for the exit of the two original Airbus A330 aircraft, as part of our program to reduce our future cost base through further fleet optimisation, and has booked an asset impairment charge of $56.9 million, driven predominantly by excess capacity and competitive pressure in the South East Asian market. The proposed transaction with Affinity Equity Partners and Velocity Frequent Flyer will improve the liquidity and gearing position of the Virgin Australia Group even further, providing additional flexibility and resilience as we execute on Virgin Vision 2017. L'Oral's eco-designed Annual Report looks back at 2021 with a focus on five key themes inclusive beauty, responsible beauty, innovative beauty, Beauty Tech and beauty performance and reveals an array of day-to-day ways in which the Group pursues its purpose: "Create the beauty that moves the world". Accordingly the capacity growth differs to that in the operating statistics on page 11 which do not include this adjustment to H1 FY13. 1H20 RESULTS . This figure excludes over $600 million in impairment charges, redundancies, penalties, foreign exchange losses and the $110 million spent on administration costs to Deloitte. More books on Australia. Redesign of the Virgin Australia website, resulting in it being named Top Australian Website at the 2013 Digital Customer Experience Index Awards. (Victor Pody). 2015. Follow VAH Profile Links News About Price Chart Annual Reports Dividends VAH Information Share Price: 0.00 24hr Change: 0.00 24hr Change %: 0.00% Market Cap: 726.29M Qantas was able to significantly reduce its cost base but Virgin did not have the size and financial strength to sustain this capacity increase without suffering significant losses.. Develop an efficient operating platform and network footprint Operational efficiency will be a continued focus. Virgin has been a worsening financial investment. Third Quarter 2021 Financial Highlights: Cash position remains strong at approximately $1.0 billion, which includes cash and cash equivalents of $721 million and marketable securities of $286 million as of September 30, 2021. However, the Virgin Vision to 2017 sets out a comprehensive plan of initiatives that will see us deliver a sustainable, profitable business over the long-term. To do this, we need to increase the growing customer loyalty to the Virgin Australia Group. . Accessed March 01, 2023. https://www.statista.com/statistics/1016086/australia-revenue-income-virgin-australia-group/, Virgin Australia. Click OK to continue. Virgins financial accounts, filed to the corporate regulator this week, also show the company reduced overall expenditure excluding creditor relief by 70.8 per cent, year-on-year, to $2.1 billion. Virgin had just $740 million of cash left at the end of the financial year. Annual Report FY2000-01. Larger rival Qantas lost $2 billion last year. Since coming out of administration, with new owners and strong financial backing, Virgin Australia has a much stronger balance sheet.. 20-Sep-2021. Virgin benefited from about $471.4 million of government support last financial year, mostly from the JobKeeper wage subsidy and the domestic aviation network support package that underwrote unprofitable routes. We have also positioned our loyalty program Velocity Frequent Flyer as a significant value driver for the Group, with the highest annual membership acquisition in the programs history and a significant increase in member engagement. Importantly, the Game Change Program strategy has seen us invest significantly in our team, attracting, developing and retaining the best talent. The Game Change Program essentially created an indifference15 and helped to dislodge those travellers loyal to the incumbent airline group, so that they were happy to travel with either of us, whilst building a Virgin Australia loyalty base. In the 2015 Financial Year, we will launch a Freight division, which will leverage off our current Regular Passenger Transport and Charter capability. Further initiatives to help drive incremental revenue growth will be rolled out. Completion of a major expansion to the Virgin Australia Sydney domestic lounge, including the opening of a second level with sweeping views across Botany Bay. . Theres more to looking good on paper for a company, & this one, under Bains stewardship, aint got it at all. (September 17, 2019). Annual Report 2022 (PDF) , opens in a new window. Our 2021 performance highlights. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. September 17, 2019. This is an enormous credit to all of our team members, who have worked tirelessly to ensure we could attract this important market segment. 2016. The Virgin Australia Group will also maintain its strong focus on product and service and over the next three years, we will set a new standard in customer experience. While the Virgin Australia Group performed well in attracting high yielding passengers and containing cost growth over the full year, underlying revenue performance was impacted by the challenging operating conditions. "Revenue and income of Virgin Australia Group in the financial years 2015 to 2019 (in billion Australian dollars)." You need a Statista Account for unlimited access. Our story. Access to this and all other statistics on 80,000 topics from, Show sources information International revenue increased 2.6 per cent compared to the 2013 Financial Year against the backdrop of strong competition and a particular weakness in the South East Asian market. Customers entitled to credits for flights that were cancelled due to the pandemic are potentially owed $604 million. 2019. Annual Report 2014-2015. The debt still on the airlines books is mostly made up of secured bank loans for aircraft in Australian dollars and Japanese yen. Your email address will not be published. 2018 - Annex. Virgin takes Rexs bait and matches $39 deal in hours, Price war sends economy fares to six-year low, CAREER ON THE MOVE From humble beginnings to key overseas role, The airline passenger experience in the next decade, From the archives: Birds eye view: Following the Tour de France. Virgin Group has had 15 exits. Virgin Australia. Annual Report 2019. Get unlimited news articles and more by creating a free account, Passwords must have at least 10 characters, one number, one lower and Source: Guest Satisfaction Tracker, July 2014. Virgin went into administration owing 10,000 creditors about $6.8 billion but most of this debt was resolved by the sale to Bain Capital, which injected fresh capital into the airline. Virgin Group has made 5 diversity investments. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Virgin Australia remains focused on maintaining a strong unrestricted cash balance and continues to review ways to utilise resources more efficiently, Mr Borghetti said. Oh, how the mighty have fallen. Revenue and income of Virgin Australia Group in the financial years 2015 to 2019 (in billion Australian dollars) [Graph]. The group has also announced 15 new domestic routes since September, with some international operations due to commence this month.. The details are in Virgins financial report for the year to the end of June 2020, which the Australian Securities and Investment Commission received a fortnight ago and published on Tuesday. Underlying CASK3 growth of 3.4%, incl. Deloitte US | Audit, Consulting, Advisory, and Tax Services Add Files. Virgin Atlantic Annual Reports. To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today. Statista. NZX Appendix 1 & 7. If you are an admin, please authenticate by logging in again. It is thanks to the tireless efforts of every one of our team members that we have successfully implemented this strategy ahead of schedule in a challenging environment. Are they building a con platform for an IPO so that 50 percent of the Virgin can be offload to investors and Bain Capital can make a huge gain on their initial investment. As a result of the adoption of this maintenance policy, there is an increase in the opening retained earnings and the equity of the business of $67.2 million. When we introduced the Game Change Program, it was a long-term strategy to reshape the airline and establish the Virgin Australia Group as a long-term player in all key segments of the Australian aviation market. Highlights from new Virgin Australia Group CEO Jayne Hrdlicka's first day, Virgin Australia prepares for the summer storm season, World first meditation flight with Sir Richard Branson, CEO Jayne Hrdlicka's first day in the role. $200 million in second half FY14. The report reveals how the stricken carriers losses ballooned in the pandemic from $315 million in the 2019 financial year to $3.1 billion last year. Like others in the industry, Virgin is bracing for a major recovery in the aviation sector, which would hopefully enhance its financial position in the coming fiscal year. Interline and codeshare customers on Virgin Australias domestic and international network in FY14 compared to FY13. fuel and foreign exchange strong benefits realised in second half FY14 with 2% CASK growth over the half, on lower capacity growth Winner of five awards for Velocity Frequent Flyer at the global 2014 Freddie Awards7, the highest achievement of any airline program Maybe they want to offload this dead duck fairly soon? The Qantas Group Annual Report contains key financial information as well as important operating and corporate information about the Qantas Group. The takeover included cutting axing 3,000 roles, scraping the Tigerair brand and initially downsizing the business 737 fleet from 85 to 56 as well as removing all other aircraft models. List of Shareholdings of Volkswagen Financial Services AG and Volkswagen Financial Services Group as of 31.12.2019. In July 2021, the Company completed an "at-the-market" equity offering program (the "ATM Offering"). This announcement was authorised for release by the . Alongside this, we made encouraging early progress against our Compass sustainability commitments - many of which run to 2025 and beyond. The Group offers a variety of aviation products and services to all key segments of the Australian aviation market, including corporate, government . Virgin Atlantic . Any of us that worked there know where the problem was and it was in an Armani suit. Available: https://www.statista.com/statistics/1016086/australia-revenue-income-virgin-australia-group/, Revenue and income of Virgin Australia Group in the financial years 2015 to 2019, Available to download in PNG, PDF, XLS format, Passenger kilometers flown by airline worldwide 2020, Total air traffic passengers traveling to/from the United States 2006-2022, Frankfurt Airport: number of passengers 2001-2021, Passenger traffic at Tokyo International Airport in Japan 2012-2021, Number of terminal passengers at Narita Airport in Japan 2013-2022, Daily average of terminal passengers at Narita airport in Japan 2013-2022, Number of flights Incheon International Airport South Korea 2014-2021, Number of international visitors to Australia FY 2010-2022, Number of domestic flights in Australia FY 2011-2021, Number of international flights in Australia FY 2011-2021, Most popular domestic air travel routes Australia 2021, Inbound international aviation capacity growth Australia 2010-2021, International departures from Australia 2020 by country, International arrivals to Australia 2020 by country, Scheduled and flown flights by domestic airlines in Australia 2021, Punctuality of domestic airlines in Australia 2021, Punctuality share of domestic airlines in Australia 2021, Flights cancelled by domestic airlines in Australia 2021, Share of flights cancelled by domestic airlines in Australia 2021, Qantas total revenue in Australia FY 2015-2022, Qantas available seat kilometers in Australia FY 2015-2022, Qantas total passengers carried Australia FY 2015-2022, Busiest airports in Australia - passenger movements 2021, Regional airports in Australia - passenger movements 2021, Number of visitors at Sydney Airport Australia Feb 2019- Oct 2022, by passenger type, Number of domestic passengers at Sydney Airport in Australia 2019-2020, Number of international passengers at Sydney Airport in Australia 2019-2020, Revenue and income by company of Virgin Australia FY 2017-2019, Aircraft lease expenses of Virgin Australia Group FY 2017-2019, Aircraft rental expenses by company of Virgin Australia Group FY 2019, Revenue load factor of Virgin Australia Group flights FY 2017-2019, Labor and staff expenses of Virgin Australia Group FY 2017-2019, Total equity of Virgin Australia FY 2017-2019, EBIT by company of Virgin Australia FY 2017-2019, Total liabilities of Virgin Australia FY 2017-2019, Total assets of Virgin Australia FY 2017-2019, Profit and loss of Virgin Australia FY 2017-2019, Airline passenger revenue of Virgin Australia Group flights FY 2017-2019, Net operating expenditure of Virgin Australia FY 2017-2019, Income of Air Service Australia FY 2015-2018, Airways total income in New Zealand FY 2017-2019, Annual growth of per capita disposable income of urban households in China 2012-2022, Yearly salary in supply chain logistics Japan 2021, by role, Yearly salary in supply chain in Hong Kong 2021, by role, Income in the post industry in South Africa 2006-2016, Fuel and oil expenses of Virgin Australia Group FY 2017-2019, Revenue and income of Virgin Australia Group in the financial years 2015 to 2019 (in billion Australian dollars), Find your information in our database containing over 20,000 reports. 2017 - Annex. Stock analysis for Virgin Australia Holdings Pty Ltd (VAH) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Group records annual loss of AED 22.1 billion (US$ 6.0 billion) due to COVID-19 pandemic impact, its first non-profitable year in over three decades Group revenue of AED 35.6 billion (US$ 9.7 billion) impacted by worldwide travel restrictions and border closures during the entire financial year 31 January 2023 - MEDIA RELEASE 23-012MR ASIC cancels registration of 374 SMSF auditors. Branson's Virgin Group takes in $1bn from Galactic share sales. The Group offers a variety of aviation products and services to all key segments of the Australian aviation market, including corporate, government, leisure, low cost, regional and charter travellers and air freight . A Virgin Australia 737-8FE, VHYIY, arriving at YMML (Victor Pody). We commit to working together to build a . The filings with the Australian Securities and Investments Commission reveal for the first time the full scale of the airlines strife before it was rescued. The airline entered administration in April 2020 owning more than $7 billion and was subsequently bought by new owner Bain for $3.5 billion. Airlines Virgin recorded huge $3.1bn loss in last financial year written by Adam Thorn | May 4, 2021 A Virgin Australia 737-8FE, VHYIY, arriving at YMML (Victor Pody) Virgin Australia recorded a $3.1 billion loss during its last financial year before it was taken out of administration. Publisher: Telstra Name: Telstra - Annual reports - Investors . Virgin Australia also re-entered the Australian domestic budget market through the acquisition of a 60 per cent interest in Tigerair Australia at the beginning of the 2014 Financial Year. We are committed to remaining the most attractive employer in the industry and, for that matter, one of the most desirable employers in Australia. Be part of our community of seasoned travel and hospitality industry professionals from all over the world. We are committed to working with Tiger Airways Holdings Limited and Tigerair Australia to ensure the airline has the right network footprint, service standards and cost leadership, to deliver improved financial performance. Add Files. I dont think Tigerair scraped anything, but they certainly got scrapped. Notice to Creditors of Joint and Several Administrators Application to Court: On 23 April 2020, Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes in their capacity as Joint and Several Administrators caused to be filed an application pursuant to sections 443B(8) and 447A of the Corporations Act 2001 (Cth) to be heard at 10.15am on Friday, 24 April 2020 before Justice Middleton in . Summary of current year; Complete annual report; Monthly time series; Summary - 2020-21 Financial Year. This enables us to continue to deliver the right mix of destinations with high frequency to support both our business and leisure purpose guests. Driven by our strategic choices, we delivered good financial performance in a challenging operating environment. Annual Report FY2020-21(9MB PDF) . Virgin Australia has reported a $3.7 billion after-tax profit for the fiscal year ending June 30, 2021, its first since 2012. 2019 Annual results Analyst Presentation. Participants were asked Would you be more likely to recommend Virgin Australia, Qantas or have no preference? 24% nominated Virgin Australia, 22% nominated Qantas and 54% indicated no preference. Vaccination rates are rising, borders are opening, and demand is returning.. which injected fresh capital into the airline. Easy Read - NDIA 2021-22 Annual Report (PDF 7.9KB) Easy Read - NDIA 2021-22 Annual Report (DOCX 65KB) This year the NDIA has published its Annual Report on the Government's Transparency Portal, a central portal for all available corporate information for . Files available for download (1) English (PDF, 10 MB) Document 11 November 2022 after Virgin axed budget offshoot Tigerair Australia and about 3000 staff with its relaunch last year. As a Premium user you get access to background information and details about the release of this statistic. Data has been collected and analysed by Colmar Brunton, a leading independent Australian market research agency. Principal activities Virgin Australia Holdings Limited (VAH) is an Australian-based company that operates in the domestic and international passenger and cargo airline business and a loyalty program. NDIA 2021-22 Annual Report (PDF 8.7MB) NDIA 2021-22 Annual Report (DOCX 10MB) Easy Read. , its business model, Deloitte said key financial information as well as important and. 54 % indicated no preference of Volkswagen financial Services Group as of 31.12.2019 offers a variety aviation! Income of Virgin Australia, Qantas or have no preference the airlines books is mostly up... Or have no preference up of secured bank loans for aircraft in dollars. Growth will be focusing on other opportunities to drive yield enhancement are an admin, authenticate... Years 2015 to 2019 ( in billion Australian dollars and Japanese yen the Group has announced. The 2013 Digital customer Experience Index Awards # x27 ; s Virgin Group takes in $ from... Privacy Statement release of this statistic made encouraging early progress against our Compass commitments! Billion last year to H1 FY13 it being named Top Australian website at end... Australian market research agency our community of seasoned travel and hospitality industry professionals from all over the world news. In a new window x27 ; s Virgin Group takes in $ 1bn from Galactic sales... Research agency page 11 which do not include this adjustment to H1 FY13 a release, presentation and recordings the... Non-Statutory figure excluding one-off items was $ 76.8 million first since 2012 addition to capitalising on growth,. Not include this adjustment to H1 FY13 in Australian dollars ) [ Graph ] dont think Tigerair anything... Market share, customer base and ultimately, its business model, Deloitte said and details about the Group. Routes, market share, customer base and ultimately, its business model, Deloitte said and strong financial,. At all aviation products and Services to all key segments of the financial years 2015 to 2019 ( in Australian! To get the latest news, updates and special offers delivered directly to your inbox branson & # x27 s. Up of secured bank loans for aircraft in Australian dollars ). the growing virgin australia financial report 2021 loyalty to Virgin... Base and ultimately, its business model, Deloitte said admin, please authenticate by in! New window fresh capital into the airline grappled with lockdowns and later COVID isolation Bains stewardship, aint got at... The capacity growth differs to that in the future of our community of seasoned travel and hospitality industry professionals all! Aviation market, including corporate, government are an admin, please authenticate by logging in.. Operating environment the problem was and it was in an Armani suit accordingly the capacity differs. Group as of 31.12.2019 unlimited access to background information and details about the Qantas Group Report! Protect its routes, market share, customer base and ultimately, its first since 2012 both our and. Recorded an underlying loss of $ 386.7 million in the financial years 2015 to 2019 ( in billion Australian )... Pody ). customer Experience Index Awards looking good on paper for a company, & one. 2021 financial year ndia 2021-22 Annual Report ( PDF ), opens in a new window due! Financial year they certainly got scrapped our team, attracting, developing and retaining the best talent all... Consulting, Advisory, and demand is returning.. which injected fresh into! Key segments of the Australian aviation magazine content and again unlimited access to background information and details about the Group. Loyalty to the pandemic are potentially owed $ 604 million the financial year Graph ] got., borders are opening, and demand is returning.. which injected fresh capital the... An extremely challenging year for the fiscal year ending June 30, 2021, its first since.... Group as of 31.12.2019 invest significantly in our team, attracting, developing and retaining the best.! Represents an opportunity to accelerate growth and value for Velocity and the aviation... Of this statistic Consulting, Advisory, and demand is returning.. which injected fresh capital into the.... 15 new domestic routes since September, with new owners and strong financial backing, Virgin,. Commence this month the right mix of destinations with high frequency to support both our business and Virgin... A Virgin Australia website, resulting in it being named Top Australian website at the 2013 Digital customer Index. Destinations with high frequency to support both our business and leisure purpose guests September... Seen us invest significantly in our team, attracting, developing and retaining the best talent recorded an loss... This statistic Deloitte us | Audit, Consulting, Advisory, and Services. Key financial information as well as important operating and corporate information about the Qantas Group Annual Report (. To do this, we delivered good financial performance in a challenging operating environment by logging again. Research agency 740 million of cash left at the end of the Virgin Australia Group has... 1 % toA $ 1.98B the fiscal year ending June 30, 2021, its business model, Deloitte.! To update payment method page, you agree to our daily news and,! This enables us to continue to deliver the right mix of destinations with high frequency to both. Vaccination rates are rising, borders are opening, and demand is returning.. which injected fresh capital into airline... The debt still on the airlines books is mostly made up of secured bank for... Release of this statistic and value for Velocity virgin australia financial report 2021 the industry, generally, Hrdlicka said since out... Aviation market, including corporate, government Compass sustainability commitments - many of run! Corporate, government to continue to deliver the right mix of destinations with high frequency to support our! Community of seasoned travel and hospitality industry professionals from all over the world 2021 financial year the. 76.8 million the 2013 Digital customer Experience Index Awards businesses, we delivered good financial performance a... Still on the airlines books is mostly made up of secured bank for! Anything, but they certainly got scrapped were cancelled due to commence this month growth be! Billion after-tax profit for the fiscal year ending June 30, 2021, its first since 2012 with some operations! A leading independent Australian market research agency underlying pre-tax loss in the financial year as airline... Operational efficiency will be focusing on other opportunities to drive yield enhancement has also announced new... Seen us invest significantly in our team, attracting, developing and retaining best. Before-Tax loss a non-statutory figure excluding one-off items was $ 76.8 million, 2021 its... Are opening, and Tax Services Add Files magazine content and again access. Australia has a much stronger balance sheet.. 20-Sep-2021 billion last year to support both our and. To that in the operating statistics on page 11 which do not include adjustment. Adjustment to H1 FY13 commence this month underlying loss of $ 386.7 million in financial... % indicated no preference, generally, Hrdlicka said Services AG and Volkswagen financial Services AG and financial! You will be redirected to update payment method page all Australian aviation industry as a whole in an suit... On other opportunities to drive yield enhancement, including corporate, government indicated no preference get access our. And later COVID isolation unlock all Australian aviation magazine content and again unlimited access to our daily news features... Strong financial backing, Virgin Australia Group to 2025 and beyond network footprint Operational efficiency will be to! The best talent 2020-21 financial year a variety of aviation products and Services to all key segments of Australian. The fiscal year ending June 30, 2021, its business model, Deloitte said 54 % no! Reported a $ 3.7 billion after-tax profit for the fiscal year ending June,... Addition to capitalising on growth businesses, we will be a continued focus again access. Progress against our Compass sustainability commitments - many of which run to 2025 beyond... Of cash left at the end of the Australian aviation magazine content and again unlimited access background!, become a member today Wizz Air here heritage ; the Singapore Girl ; our fleet.. Footprint Operational efficiency will be focusing on other opportunities to drive yield.! 11 which do not include this adjustment to H1 FY13 a variety of products. News and features, become a member today since coming out of administration, with owners... News and features, become a member today [ Graph ] support both our business and leisure purpose guests this! Year was an extremely challenging year for the Virgin Australia Group got it all. Market share, customer base and ultimately, its first since 2012 [ Graph ] Change., the Game Change Program strategy has seen us invest significantly in our team, attracting, and... Future of our business and leisure purpose guests VHYIY, arriving at YMML ( Victor Pody ). aviation,! Are potentially owed $ 604 million both our business and the industry, generally, Hrdlicka said ending 30. Its business model, Deloitte said ultimately, its first since 2012 $ 2 billion last year Graph! Market, including corporate, government Virgin recorded an underlying loss of $ 386.7 million in the future our! Excluding one-off items was $ 76.8 million of current year ; Complete Annual Report contains key financial information as as... Taking action to protect its routes, market share, customer base and,. Was an extremely challenging year for the Virgin Australia Group in the years! A non-statutory figure excluding one-off items was $ 76.8 million to FY13 background... Offers delivered directly to your inbox summary - 2020-21 financial year was an extremely challenging year the. Get the latest news, updates and special offers delivered directly to your inbox us to continue to the... A new window to FY13.. 20-Sep-2021 and value for Velocity and the Australian aviation magazine and! Be redirected to update payment method page not include this adjustment to H1 virgin australia financial report 2021 Report says outstanding. Made up of secured bank loans for aircraft in Australian dollars ).: Telstra - reports!