Virgin Australia mulls IPO in 2023 in fast rebound from collapse

Virgin Australia is considering listing in Sydney as early as next year, underscoring the airline's faster-than-expected recovery since collapsing at the start of the pandemic. The Bain Capital-owned carrier was profitable in April and an IPO is possible in 2023, a spokesman said, confirming comments by Jayne Hrdlicka, Virgin Australia's CE officer, to The Australian newspaper. Hrdlicka said that an IPO next year was "not outside the realm of possibility." "It's a lot faster than we thought it would be and we are flattered that this soon after becoming a new company and starting from scratch we're in a position where we're having these conversations, because it's extraordinary," Hrdlicka said, according to the newspaper on Thursday. Air passenger traffic in Australia is almost back to pre-Covid levels, the competition regulator said on Wednesday.<br/>