Virgin Australia CFO Race Strauss said all key metrics were ‘met or exceeded’ in its full year results.
For the FY25 year, the Australian airline delivered 27.8% growth in pro forma underlying NPAT on FY24 and increased revenue by 8.5% to $5.8 billion, while pro forma underlying EBIT increased by 29.6% on FY24 to $650 million.
According to VA’s ASX statement, these results were underpinned by its Transformation Program, which delivered more than $450 million in gross benefits during the year.
Together with savings on fuel costs, the Program helped offset inflationary headwinds.
“In FY25, Virgin Australia achieved strong underlying earnings growth, relaunched long-haul services, advanced our Transformation Program and lifted operational performance – all while delivering exceptional experiences for our guests,” said CEO and MD Dave Emerson.
“We strengthened our partnership with Qatar Airways Group and returned to public ownership through a successful IPO, a strong endorsement of our clear strategy and market position.”
Strauss also credited the airline’s results to its “disciplined approach to investments and operational improvements”.
More details in Mon’s issue of Travel Daily.