Virgin Australia Holdings Limited
(ASX:VAH) has forecast a return to underlying profit in the second quarter of the current 2015 financial year.
Australia’s second largest carrier expects to report an underlying profit in the December quarter after posting an underlying loss in the September quarter.
Speaking at the company’s AGM CEO John Borghetti told shareholders it has been a tough period for aviation in Australia.
However Mr Borgetti believes, after having endured a fundamental shift in competitive dynamics over the past couple of years, the industry is coming out the other side.
Virgin Australia Holdings reported a net loss of $356 million in the 2014 financial year.
