Virgin Australia profits rise as domestic fares surge
Virgin Australia Holdings nearly doubled earnings in its domestic division in H1 of the financial year as a result of its ability to charge 9.1% more for the average airfare as it attracted more corporate and government business. The airline, which last week had revealed an eightfold rise in H1 underlying earnings to A$81.5m, reported underlying earnings before interest and tax (EBIT) of A$130m in its domestic division, up from $69.7m a year earlier. Virgin's revenue per available seat kilometre rose by 7.1% in the domestic market. Virgin said it remained on track to meet its target of 30% of domestic revenue from the corporate and government market by the end of financial year 2017.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-11/unaligned/virgin-australia-profits-rise-as-domestic-fares-surge
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Virgin Australia profits rise as domestic fares surge
Virgin Australia Holdings nearly doubled earnings in its domestic division in H1 of the financial year as a result of its ability to charge 9.1% more for the average airfare as it attracted more corporate and government business. The airline, which last week had revealed an eightfold rise in H1 underlying earnings to A$81.5m, reported underlying earnings before interest and tax (EBIT) of A$130m in its domestic division, up from $69.7m a year earlier. Virgin's revenue per available seat kilometre rose by 7.1% in the domestic market. Virgin said it remained on track to meet its target of 30% of domestic revenue from the corporate and government market by the end of financial year 2017.<br/>
