Virgin Australia Holdings Ltd
(ASX:VAH) has announced its underlying profit before tax hit $45.9 million, for the second quarter of the 2017 financial year.
The company that owns and operates Virgin Australia and Tigerair Australia says that was a $27.1 million decline from the prior corresponding period.
Despite the company reporting it improved liquidity and leverage positions for Q2, it was adversely affected by subdued industry trading conditions in the domestic market.
As a result the group expects Virgin Australia’s domestic business will generate an EBIT margin of between 3 and 6% for the 2017 Financial year.
Virgin Australia Holdings Ltd (ASX: VAH) reported a net loss of $224.7 million at 30 June 2016.
