Virgin Australia Holdings
(ASX:VAH) has widened losses in its international operations and plans to withdraw from a number of routes as it reported a full year loss of $49 million.
Virgin’s international business widened its full year loss to $69 million from the $49 million it posted a year ago.
The airline plans to replace some routes between Australia and Bali and Thailand with Tiger Air services but will ramp up its New Zealand flights.
Profit in the domestic services was $111 million before tax and Virgin says it expects the international business to return to profit by the end of the 2017 financial year.
