You can use your existing password to login, or if you can't remember it, you can reset it using the link provided here. The AU$3.7 billion profit for the fiscal year ended June 30 2021, was an unexpected twist in the story of the previous years AU$3 billion loss. The figures are also bolstered by Virgins acceptance of $205 million in JobKeeper in the 2020-21 financial year, while the airline also managed to halve its labour costs by the end of 2020, after making more than 3,000 staff redundant and axing budget subsidiary Tiger. . The airline is preparing to welcome an additional 600 new members to its workforce in the coming weeks and months, with advertisements already up across five states for roles in engineering, pit crew, cabin crew and corporate. It comes as a surprise to investors and aviation enthusiasts. It is understood the airline will look to cut costs even further this financial year, although this will not involve headcount reductions. Then you can access your favorite statistics via the star in the header. Virgin Australia is focused on delivering on time services for all of our customers and we have achieved an On Time Performance (OTP) of 84.0 per cent for the 2014 Financial Year, an increase of 2.9 percentage points compared to the prior corresponding period, Mr Borghetti said. Files available for download (1) English (PDF, 10 MB) Document 11 November 2022 Underlying Loss1 before tax of $211.7 million in line with market expectations Third Quarter 2021 Financial Highlights: Cash position remains strong at approximately $1.0 billion, which includes cash and cash equivalents of $721 million and marketable securities of $286 million as of September 30, 2021. The proposed transaction with Velocity Frequent Flyer announced today will see a further boost to the liquidity position of the Group. Public report | www.wgea.gov.au 2 Organisation and contact details Legal name Virgin Australia Airlines Pty Ltd ABN 36090670965 ANZSIC I Transport, Postal and Warehousing 4900 Air and Space Transport Business/trading name/s Virgin Australia Holdings ASX code (if applicable) VAH Postal address PO Box 1034 SPRING HILL QLD 4004 AUSTRALIA We fully expect to continue growing with demand to ensure we operate at about 33% of the domestic market.. The FY20 accounts represent the financial position of Virgin Australia when the company was in the middle of administration, a spokeswoman said. It is thanks to the tireless efforts of every one of our team members that we have successfully implemented this strategy ahead of schedule in a challenging environment. PDF 8.03 MB. Importantly, cost will be a major focus over the next three years, building on the work of the Business Efficiency Project. 2021 Annual Report Download PDF 2021 Annual General Meeting 2021 Annual General Meeting (Notice of Meeting) Download PDF 2021 Full Year Results Announcement Download PDF 2021 Full Year Results Presentation Download PDF 2021 Full Year Results Recording 2021 Half Year Results Announcement Download PDF 2021 Half Year Results Presentation Download PDF CEO COMMENTARY 5 August 2020: The Virgin Australia Group (ASX: VAH) has announced a plan for a stronger, more profitable and competitive business, building on its unique culture and securing approximately 6000 jobs as it prepares to exit voluntary administration under the ownership of Bain Capital. Accessed March 01, 2023. https://www.statista.com/statistics/1016086/australia-revenue-income-virgin-australia-group/, Virgin Australia. AMP Bank Limited FY21 Financial Report: 4 April 2022: 2021. Interline and codeshare revenue increased 10.25% on FY13 Virgin Australia, an Australian carrier, appointed administrators on April 21, 2020 with debt of about AUD 5 billion. The 2013 comparatives have been restated in the Financial Year 2014 ASX presentation to reflect this treatment. Underlying loss is a non-statutory measure, defined on page 10. In just a few years, the business has grown from offering around 150 destinations to more than 460 destinations and increased interline and codeshare traffic by more than 300 per cent. Virgin Money UK PLC - 2021 . 2007 Annual Report and 2008 Proxy Statement 2.4 MB. Participants were asked How likely is it that you would fly with the following airlines for your next domestic flight? 65% nominated Virgin Australia, 59% nominated Qantas. Tigerair has made a number of enhancements this year which will drive benefits, including launching a Brisbane base, securing a new more efficient maintenance provider in BAE systems and reaching agreement with Sydney Airport Corporation Limited about infrastructure constraints at Sydney Airport. Get a full view of Virgin Australia Holdings Pty Limited's financials, including Profit and Loss Account (Revenue, Interest, Profit and Loss, and Audit Fees) and Balance Sheet (Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, Shareholders' Equity), as well as Number of Employees, Number of Share on Issue, Market Develop our people to their full potential. Published 23 Dec 2020. ANNUAL FINANCIAL REPORT 2015 1 Directors' report The directors present their report together with the consolidated financial statements of the Group comprising Virgin Australia Holdings Limited (VAH) (the Company) and its subsidiaries, and the Group's interests in associates and joint ventures, for the financial year ended 30 June 2015 Documents published with the Australian Securities and Investment Commission on Tuesday revealed the business had just $740 million of cash to service over $5 billion of debt that was due within the next year. Naturally what Bain has done is squeaky clean, legal and in the business world, acceptable but morally quite questionable and I am sure that in the commercial atmosphere customers may well choose more carefully where to expend their hard earned cash in time moving forward. Login here. Total cash position of $783.8 million, up from $580.5 million at 30 June 2013, unrestricted cash position of $541.0 million, up from $326.5 million at 30 June 2013, with Gross Debt reduced by approx. We are committed to remaining the most attractive employer in the industry and, for that matter, one of the most desirable employers in Australia. STAY UPDATED WITH THE LATEST Are you interested in testing our business solutions? The Group offers a variety of aviation products and services to all key segments of the Australian aviation market, including corporate, government, leisure, low cost, regional and charter travellers and air freight . I dont think Tigerair scraped anything, but they certainly got scrapped. Annual Report 2020. International flying continues to remain part of the groups strategy, with international flights scheduled from December 2021 in line with reopening roadmaps announced by respective state and federal Australian governments.. This next period for us is about maximising the Groups potential, by extracting value from the business and generating sustainable profitability, Mr Borghetti said. Given the uncertain economic environment we are unable to provide guidance for the 2015 Financial Year at this time and we will not be providing guidance on capacity growth going forward. Our story. Virgin Australia Launches Massive Sale And Corporate Offering, Virgin Australia Announces New Cairns-Tokyo Flight, Air New Zealand Dismisses Virgin Merger Reports, Qatar Airways begins partnership with Virgin Australia, MSC Poesia Makes Her Australian Debut, Starting in Sydney, Oman Air Increases Frequency and Adds 4 New Destinations, MSC Cruises To Launch New Eco-Friendly Flagship MSC Euribia, Jelena Dokics Unwavering Desire to Success. Group records annual loss of AED 22.1 billion (US$ 6.0 billion) due to COVID-19 pandemic impact, its first non-profitable year in over three decades Group revenue of AED 35.6 billion (US$ 9.7 billion) impacted by worldwide travel restrictions and border closures during the entire financial year Virgin Australia Group is committed to maintaining a market share consistent with its pre-COVID position, the business said in a statement. Because in aviation, situational awareness is everything. L'Oral's eco-designed Annual Report looks back at 2021 with a focus on five key themes inclusive beauty, responsible beauty, innovative beauty, Beauty Tech and beauty performance and reveals an array of day-to-day ways in which the Group pursues its purpose: "Create the beauty that moves the world". Connect with our Media or Investor Relations team. [Online]. As a result of this transaction, lease-adjusted balance sheet gearing will reduce by 8 per cent. Creative accounting at its very best! Follow the topics, people and companies that matter to you. Annual Report 2013-2014. It is not where the carrier wanted to be a year after its recapitalisation, but chief executive Jayne Hrdlicka and Bain managing director Mike Murphy said Virgin was still a going concern as it had access to unrestricted cash. Data has been collected and analysed by Colmar Brunton, a leading independent Australian research agency. Virgin Australia, which was sold to US private equity firm Bain Capital last year, has defied COVID-19 and reaped $3.7 billion in statutory after-tax profits in the year to June 30, its first since 2012. Add Files. This business continues to represent strong growth opportunities for the Group, and we expect it to deliver more than $200 million in revenue by 30 June 2017. Available: https://www.statista.com/statistics/1016086/australia-revenue-income-virgin-australia-group/, Revenue and income of Virgin Australia Group in the financial years 2015 to 2019, Available to download in PNG, PDF, XLS format, Passenger kilometers flown by airline worldwide 2020, Total air traffic passengers traveling to/from the United States 2006-2022, Frankfurt Airport: number of passengers 2001-2021, Passenger traffic at Tokyo International Airport in Japan 2012-2021, Number of terminal passengers at Narita Airport in Japan 2013-2022, Daily average of terminal passengers at Narita airport in Japan 2013-2022, Number of flights Incheon International Airport South Korea 2014-2021, Number of international visitors to Australia FY 2010-2022, Number of domestic flights in Australia FY 2011-2021, Number of international flights in Australia FY 2011-2021, Most popular domestic air travel routes Australia 2021, Inbound international aviation capacity growth Australia 2010-2021, International departures from Australia 2020 by country, International arrivals to Australia 2020 by country, Scheduled and flown flights by domestic airlines in Australia 2021, Punctuality of domestic airlines in Australia 2021, Punctuality share of domestic airlines in Australia 2021, Flights cancelled by domestic airlines in Australia 2021, Share of flights cancelled by domestic airlines in Australia 2021, Qantas total revenue in Australia FY 2015-2022, Qantas available seat kilometers in Australia FY 2015-2022, Qantas total passengers carried Australia FY 2015-2022, Busiest airports in Australia - passenger movements 2021, Regional airports in Australia - passenger movements 2021, Number of visitors at Sydney Airport Australia Feb 2019- Oct 2022, by passenger type, Number of domestic passengers at Sydney Airport in Australia 2019-2020, Number of international passengers at Sydney Airport in Australia 2019-2020, Revenue and income by company of Virgin Australia FY 2017-2019, Aircraft lease expenses of Virgin Australia Group FY 2017-2019, Aircraft rental expenses by company of Virgin Australia Group FY 2019, Revenue load factor of Virgin Australia Group flights FY 2017-2019, Labor and staff expenses of Virgin Australia Group FY 2017-2019, Total equity of Virgin Australia FY 2017-2019, EBIT by company of Virgin Australia FY 2017-2019, Total liabilities of Virgin Australia FY 2017-2019, Total assets of Virgin Australia FY 2017-2019, Profit and loss of Virgin Australia FY 2017-2019, Airline passenger revenue of Virgin Australia Group flights FY 2017-2019, Net operating expenditure of Virgin Australia FY 2017-2019, Income of Air Service Australia FY 2015-2018, Airways total income in New Zealand FY 2017-2019, Annual growth of per capita disposable income of urban households in China 2012-2022, Yearly salary in supply chain logistics Japan 2021, by role, Yearly salary in supply chain in Hong Kong 2021, by role, Income in the post industry in South Africa 2006-2016, Fuel and oil expenses of Virgin Australia Group FY 2017-2019, Revenue and income of Virgin Australia Group in the financial years 2015 to 2019 (in billion Australian dollars), Find your information in our database containing over 20,000 reports. 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virgin australia financial report 2021