virgin australia expects loss of 98 mln for year
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Virgin Australia expects loss of $98 mln for year

Arab Today, arab today

Arab Today, arab today Virgin Australia expects loss of $98 mln for year

Canberra - AFP

Virgin Australia said Monday it was expecting a full-year loss of Aus$95-$110 million (US$84-98 million) due to a range of factors including the tough economic environment and restructuring costs. In updated guidance for the financial year ended June 30, 2013, Virgin said its performance had been hit by the \"difficult economic and competitive environment\", costs associated with its transformation, and Australia\'s carbon tax. \"As a result of these factors, Virgin Australia expects a statutory loss after tax in the range of $95 million to $110 million,\" it said in a statement. Virgin Australia said costs included the transition to the new Sabre booking and check-in system, transaction costs related to the acquisition of Skywest Airlines and the acquisition of 60 percent of Tiger Airways Australia. It also confirmed that the pre-tax costs of the carbon tax, a levy on Australia\'s biggest polluters, for the 2013 financial year would be $45-$50 million. It said the carbon tax cost was \"unable to be recovered due to weak economic conditions and the competitive environment\". Virgin Australia, the country\'s second largest carrier after Qantas Airways, last year posted a full-year net profit of Aus$22.8 million. \"Although today\'s update is disappointing and notwithstanding a challenging environment, we have made significant progress on the execution of our game change programme,\" Virgin Australia chief executive John Borghetti said. \"We now have the right platform in the Australian market to generate sustainable earnings benefits.\" The airline said forward domestic bookings as at June 30, 2013 were about six percent higher than the same time last year and it expected domestic capacity growth in the first half of the 2014 financial year to be within three to four percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

virgin australia expects loss of 98 mln for year virgin australia expects loss of 98 mln for year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

virgin australia expects loss of 98 mln for year virgin australia expects loss of 98 mln for year

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday