Daily services to commence in mid-2018.
Virgin Australia has just confirmed plans for daily return flights between Sydney and Hong Kong. The move comes seven months after VA launched its new Melbourne-Hong Kong route, with ceo John Borghetti saying “expanding our presence into Greater China is a key pillar of our international strategy”.
The announcement coincided with the release of VA’s financial results for the six months to 31 December, which the carrier said were its best first half figures in the last ten years.
Revenue rose 6% to $2.79 billion, while Underlying Profit Before Tax surged 142% to $102.5 million. The statutory after-tax profit was $4.4 million, an improvement of $25.9 million on the previous corresponding period.
The company said the improvement was driven by a range of factors including unit revenue and passenger growth, capacity and network optimisation and further progress in implementing its Better Business program.
More details in today’s issue of Travel Daily.