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Virgin Australia posts “strong increase” in interim profit to US$153.2 million
March 7th 2024
Virgin Australia has recorded a profit of A$236 million ($153.2 million) in first half 2023-2024 over the previous year, Reuters reports. Read More » The carrier said interim revenue came in at A$2.8 billion and its profit margin increased to 8.5% from 5% a year ago. “The second half of the financial year will be tough with aggressive market pricing and strong capacity growth. We need to stay focused on the execution of our plans,” CEO Jayne Hrdlicka said in an internal memo seen by Reuters.
