Virgin Australia Holdings Limited Announces Sales Results for the First Quarter Ending September 30, 2018; Provides Sales Guidance for the Second Quarter and Earnings Guidance for the First Half of 2019
In the second quarter of the 2019 financial year, the group anticipated that revenue will grow 10% compared to the prior corresponding quarter, based on current booking trends, particularly in the domestic business.
The group expected that the underlying profit before tax result for the first half of the 2019 financial year will be at least $100 million. This represents at least a 22% increase on the prior corresponding period result of $81.9 million . The expected result for the first half of the 2019 financial year is inclusive of an estimated year-on-year fuel price increase (net of FX and hedging) of $88 million.