Virgin Australia Holdings
(ASX:VAH) has posted its best half year result in six years, reporting a net profit attributable to owners of $45.7 million in the six months to 31 December 2015.
The result marks a turnaround from the $53.1 million loss posted the previous corresponding period.
Chief executive John Borghetti said the company had benefitted by $33.8 million from falling oil prices.
Mr Borghetti told investors that based on current market conditions, all fundamental business metrics are in place for the group to report a profit for FY16.
Virgin Australia will not pay a dividend.
