The proposed transaction with Affinity Equity Partners and Velocity Frequent Flyer will improve the liquidity and gearing position of the Virgin Australia Group even further, providing additional flexibility and resilience as we execute on Virgin Vision 2017. As a Premium user you get access to background information and details about the release of this statistic. Furthermore, our success in integrating the Skywest8 business has enabled us to significantly grow revenue from the Charter segment, increasing comparative revenue by around 30 per cent on the 2013 Financial Year. Winner of five awards for Velocity Frequent Flyer at the global 2014 Freddie Awards7, the highest achievement of any airline program Transport for NSW Annual Report 2020-21 Volume 1. 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. While there was a material increase in overall costs this year due to the full year impact of the Skywest acquisition in April 2013, Underlying CASK growth was well contained over the year, with a particularly strong performance in the second half. 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. one upper Virgin Australia Holdings Limited (Virgin Australia) (ASX: VAH) today reported a Statutory Loss after Tax of $355.6 million, including the impact of equity accounted investments. Trading on margin increases the financial risks. By subscribing, you agree to our Terms and Conditions and Privacy Statement. As a result of the important alliances we have forged and the implementation of SabreSonic, we have developed a comprehensive global virtual network and accessed growth markets around the world. Thank you for your interest in our annual reports. Virgin benefited from about $471.4 million of government support last financial year, mostly from the JobKeeper wage subsidy and the domestic aviation network support package that underwrote unprofitable routes. While the 2014 Financial Year has been an extremely tough year for the industry, I am confident that the Virgin Australia Group is in a strong strategic position going forward. In comparison, Qantas just over three times bigger than Virgin Australia on a revenue basis tripped to a $1.8 billion underlying pre-tax loss in the 2021 financial year. Are they building a con platform for an IPO so that 50 percent of the Virgin can be offload to investors and Bain Capital can make a huge gain on their initial investment. Save my name, email, and website in this browser for the next time I comment. Revenuesreflect Virgin australia-Domestic segment increase of 1% toA$1.98B. Theres more to looking good on paper for a company, & this one, under Bains stewardship, aint got it at all. We are privileged to have such a talented, devoted team and we are committed to supporting their development, Mr Borghetti said. Virgin Money Holdings (UK): Q3 2016 Trading Update . Group records annual loss of AED 22.1 billion (US$ 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 10 Dec. 2021. About Virgin Australia Sustainability Reporting Reporting Sustainability Community Emissions management Reporting Resource management Destination stewardship Sustainable aviation fuel Terms and conditions Virgin Australia has committed to reporting transparently to our stakeholders on our progress in achieving our sustainability goals. Total Group Revenue increased 7.1 per cent to $4,306.6 million on the 2013 Financial Year, including the additional revenue associated with the acquisition of Skywest. International flying remains an important component of the groups plan, with international flights scheduled to begin in December 2021 following the reopening roadmaps outlined by the different state and Australian federal governments.. Virgin Australia made about USD$15 million in both 2010 and 2012. Your email address will not be published. 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 PDF 8.03 MB. Explore our network. Because in aviation, situational awareness is everything. Annual reports prior to 2013 are located on the National Library of Australia's web archive at the below links. Follow the topics, people and companies that matter to you. While we cannot disclose all the initiatives for competitive reasons, they include: the introduction of Business Class on our Trans-Tasman and Fiji services from February 2015; the launch of our first Premium Exit at our Melbourne Airport lounge next month; the unveiling of a new state-of-the-art airport ground experience with the opening of our new terminal and lounge in Perth next year; and the upgrade of our Brisbane terminal and launch of our Darwin lounge in March next year. This fleet growth underlines the confidence we have in the future of our business and the industry, generally, Hrdlicka said. Completion of the roll out of wireless in-flight entertainment across the Boeing 737 fleet, offering seamless streaming to mobile devices, computers and tablets. It has posted seven consecutive annual losses. 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. Virgin Australia Financial Data. It was one of the Asia-Pacific region's first airlines to fall when it was placed into voluntary administration on April 21, with debts of $6.8 billion. Connect with our Media or Investor Relations team. Required fields are marked *. AGL released its Annual Report 2022 to the Australian Securities Exchange on Friday, 19 August 2022. As a result of this transaction, lease-adjusted balance sheet gearing will reduce by 8 per cent. A Virgin Australia 737-8FE, VHYIY, arriving at YMML (Victor Pody). APS 330 31 December 2022. Business Update 2021 . which masked poor operating conditions and financial stress that continued in the 2021 period as repeat virus waves crippled recovery efforts. Underlying CASK3 growth of 3.4%, incl. Interline and codeshare revenue increased 10.25% on FY13 The details are in Virgins financial report for the year to the end of June 2020, which the Australian Securities and Investment Commission received a fortnight ago and published on Tuesday. Group Yield is a non-statutory measure, defined on page 10. 2005 Annual Report and 2006 Proxy Statement 4 MB. Investor & annual reports Publish date; AMP 1H 21 Investor Report: 12 August 2021: AMP Tax Report 2019: 16 April 2021: Visit the 2020 online reporting suite: 15 March 2021: AMP 2020 annual report: 10 March 2021: AMP 2020 sustainability report: 10 March 2021: Full year 2020 investor . Statutory loss after tax includes asset impairment of $56.9 million and restructuring costs4 of $117.3 million Bains deal to purchase the airline also meant unsecured creditors, including bondholders received between just nine and 13 cents in the dollar on their investment. 2015. Our story. Virgin Australia acquired a 60 per cent interest in Tigerair Australia on 8 July 2013, with our share of equity-accounted losses for the 2014 Financial Year amounting to $46.1 million. It comes as a surprise to investors and aviation enthusiasts. The AU$3.7 billion profit for 12 months ended 30 June 2021 was an unexpected twist in the previous year's AU$3 billion loss tale. We commit to working together to build a . Get full access to all features within our Business Solutions. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. Underlying loss is a non-statutory measure, defined on page 10. Our 2021 performance highlights. 2017 - Annex. Yeah, but at literally what cost to so many? 2017 Form 10-K 2.9 MB. To understand the Group's financial . We expect the freight business to grow on a similar trajectory to our new charter business with revenue expected to treble to between $150 and $200 million over the next three years to 30 June 2017. This ultimately resulted in Virgin increasing its capacity on certain routes. CEO COMMENTARY Virgin has announced plans to boost its 737 fleet by more than 45 per cent, from 58 to 84 Boeing workhorse jets, since the airline relaunched one year ago. The airline entered administration in April 2020 owning more than $7 billion and was subsequently bought by new owner Bain for $3.5 billion. I would like to thank all of our team members for their passion and dedication in delivering the strategy, Mr Borghetti said. PDF 11.57 MB. 2020. Virgin Atlantic ended the year with a robust cash position of 580 million, delivered by raising 670 million new capital, including 400 million shareholder investment completed in December 2021; maintaining 300 million annual cost savings; capitalising on pent up demand following the opening of the transatlantic corridor; and delivering record This page provides copies of Telstra's Annual and Half Year Reports from 1994 to the present. The result is a significant improvement on its 2019-20 financial year results that saw Virgin report a $3 billion loss. Annual Reports. Virgin Australia did not miss FIFO contracts with resource firms. The Qantas Group Annual Report contains key financial information as well as important operating and corporate information about the Qantas Group. Save. The report shows the precarious position the airline found itself in during the pandemic and its administration. Skywest Airlines Pte Ltd has been rebranded Virgin Australia Regional Airlines. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. Virgin Australia recorded a $3.1 billion loss during its last financial year before it was taken out of administration. which injected fresh capital into the airline. In terms of capacity growth, Virgin Australia recorded normalised growth of 0.112 per cent across the domestic network (excluding Tigerair Australia) for the 2014 Financial Year. 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. 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. We are committed to remaining the most attractive employer in the industry and, for that matter, one of the most desirable employers in Australia. At the same time we have completed the important process of integrating and aligning the airline operations and brands, delivering and investing in one strong Virgin Australia brand that is recognised around the world. The Virgin Australia Group will also maintain its strong focus on product and service and over the next three years, we will set a new standard in customer experience. Another factor to consider is Virgins underlying pre-tax loss of AU$76.8 million. See all materials from our 2021 Market Update. 2019. 2019 Annual results Analyst Call Transcript. Our insurance brands include NRMA, CGU, SGIO, SGIC and WFI. "Revenue and income of Virgin Australia Group in the financial years 2015 to 2019 (in billion Australian dollars)." Winner 2014 Best Airline Staff Service in the Australia/Pacific region6 for the fourth consecutive year As a result of the early adoption of this accounting standard, future statutory financial results going forward are expected to reflect reduced accounting ineffectiveness and deferral of time value of options until maturity for qualifying hedges. There are 42.4 million shares issued via a management equity plan, which will vest on the occurrence of an exit event which may include the sale of the group and/or an initial public offering. Virgin Money plc: Annual Report Q3 2016 Trading Update . Therefore, our Virgin Vision to 2017 is to become Australias favourite airline group. Business Solutions including all features. Government Commonwealth Consolidated Financial Statements. Add Files. to incorporate the statistic into your presentation at any time. 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