Virgin Australia Holdings
(ASX:VAH) is expecting to report positive free cash flow performance for the 2017 financial year of up to $50 million ($0 to $50 million).
The airliner says that is a $90 million to $140 million improvement on the prior corresponding period.
The company also reconfirmed its 2017 financial year underlying group performance will improve, on the fourth quarter’s 2016 financial year result.
While Virgin’s Velocity segment EBIT performance for the first-half of 2017 financial year declined by 7 percent, its second half is tipped to be 10 per cent to 13 per cent higher than the prior corresponding period.
For the entire financial year, Velocity EBIT will improve by 2-3 per cent compared to 2016.
Shares in Virgin Australia Holdings
(ASX:VAH) are trading 4.38 per cent higher to 16.7 cents
