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 . 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 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 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. We commit to working together to build a . . 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. Winner 2014 Best Airline Staff Service in the Australia/Pacific region6 for the fourth consecutive year Virgin went into administration owing 10,000 creditors about $6.8 billion but most of this debt was resolved by the sale to Bain Capital, which injected fresh capital into the airline. Virgins passenger revenue was just a quarter of what it was in 2020; equity was negative; and liabilities outnumbered its assets. Virgin Australia. case letter, and one special character. statistic alerts) please log in with your personal account. The recently acquired Skywest business has now been fully integrated into the Virgin Australia platform and we are seeing positive performance from the Charter business which has increased its comparative revenue contribution by 30 per cent this financial year. As a result of progress made during the 2014 Financial Year, and in particular marked increases in customer satisfaction, Tigerair Australia is now well positioned to benefit from a recovery in the domestic market when conditions improve. Transport for NSW Annual Report 2020-21 Volume 1. Their most recent diversity investment was on Jun 14, 2022, when Sesame raised $27M. 2020. Customers entitled to credits for flights that were cancelled due to the pandemic are potentially owed $604 million. The result is a major turnaround from the $3 billion loss reported in the prior financial year, when the airline was at the worst of its internal crisis as the pandemic wreaked havoc on global travel. $200 million in second half FY14. To use individual functions (e.g., mark statistics as favourites, set Group records annual loss of AED 22.1 billion (US$ 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 Connect with our Media or Investor Relations team. 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 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. Accessed March 01, 2023. https://www.statista.com/statistics/1016086/australia-revenue-income-virgin-australia-group/, Virgin Australia. Our Annual Report contains further commentary on our . 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. I am very sure some truth is hidden is the almost $4.0bil profit after tax. Add Files. read the investor reports and media releases, and access our annual and interim reports. 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. Get a release, presentation and recordings on the latest annual and quarterly reports from Wizz Air here. You don't have credit card details available. When we introduced the Game Change Program, it was a long-term strategy to reshape the airline and establish the Virgin Australia Group as a long-term player in all key segments of the Australian aviation market. According to the financial report, the licence for the brand expired at the end of March. Virgin Australia recorded a $3.1 billion loss during its last financial year before it was taken out of administration. This page provides copies of Telstra's Annual and Half Year Reports from 1994 to the present. [Virgin] successfully renegotiated amendments to debt agreements being retained post-administration, including revisions to covenants and extensions of terms, it 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. one upper Group Yield is a non-statutory measure, defined on page 10. 2019 Annual Shareholder Review. Your email address will not be published. Domestic passenger and freight revenue together fell from $2.6 billion in 2019-20 to $983.3 million in the year to 30 June, while international sales fell from $966.2 million down to just $8 million. 2020 - 2021 . 2016. Username or email already exists! Published 26 Nov 2021. Our heritage; The Singapore Girl; Our fleet; . This fleet growth underlines the confidence we have in the future of our business and the industry, generally, Hrdlicka said. As a Premium user you get access to background information and details about the release of this statistic. . PDF 8.03 MB. Follow the topics, people and companies that matter to you. Required fields are marked *. Airlines Virgin recorded huge $3.1bn loss in last financial year written by Adam Thorn | May 4, 2021 A Virgin Australia 737-8FE, VHYIY, arriving at YMML (Victor Pody) Virgin Australia recorded a $3.1 billion loss during its last financial year before it was taken out of administration. However, the Virgin Vision to 2017 sets out a comprehensive plan of initiatives that will see us deliver a sustainable, profitable business over the long-term. Our Charter business has had a very successful first year, delivering comparative revenue growth of around 30 per cent for the 2014 Financial Year, from a combination of new contracts, growth from existing clients and the launch of our first charter operations on the East Coast. All Rights Reserved. We have used our time well while the industry was quiet and are well advanced on all aspects of our transformation strategy and we fully intend to continue growing with demand to ensure we operate at roughly 33 per cent of the domestic market, she said. We have also positioned our loyalty program Velocity Frequent Flyer as a significant value driver for the Group, with the highest annual membership acquisition in the programs history and a significant increase in member engagement. Vaccination rates are rising, borders are opening, and demand is returning.. Save my name, email, and website in this browser for the next time I comment. Creative accounting at its very best! The news comes two weeks after Virgin announced it had signed letters of intent to welcome an additional seven Boeing 737 Next Generation aircraft to its fleet, and is preparing to stand all of its staff back up by December. View report of the 20-Sep-2021. A monthly membership is only $5.99 or save with our annual plans. Oh, how the mighty have fallen. Virgin Atlantic . 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. If your email is already registered you will have provided it to us previously for one of our events/webcasts/newsletters. 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.. Source: Guest Satisfaction Tracker, July 2014. 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. 2019 Annual results (22 August 2019) 2019 Annual results Media Release. Therefore, our Virgin Vision to 2017 is to become Australias favourite airline group. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 2023 - Travel Daily. (September 17, 2019). Podcast: How Little Wings helps ill children in regional towns, Lockheed showcases battle management system, Airservices tags Frequentis for its aviation rescue fire fighting service, Australian businesses to supply parts for Apaches, BAE unveils Loyal Wingman for helicopters drone, Rex says share rise behind $16.5m half-year loss, Game on! This section of the website contains the financial statements of Virgin UK Holdings Limited and some of its subsidiaries, which prepare a "Section 172 statement". 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. Revenuesreflect Virgin australia-Domestic segment increase of 1% toA$1.98B. To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today. This announcement was authorised for release by the . The airline called in administrators from Deloitte in April 2020. Username or email already exists! Virgin Australia lost AUD3.1 billion last year and remains saddled with AUD1.2 billion of debt it carried into administration, according to filings with the corporate regulator. The Qantas Group Annual Report contains key financial information as well as important operating and corporate information about the Qantas Group. Your email address will not be published. 1H20 RESULTS . Border closures reduced revenue by over 70% in FY21; however, Virgin claimed it could also cut expenditures by 70%. 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. The proposed transaction with Velocity Frequent Flyer announced today will see a further boost to the liquidity position of the Group. 2021-2022 Commonwealth Consolidated Financial Statements. For the year ended June 2022, on time performance over all routes operated by participating airlines (Jetstar, Qantas, QantasLink, Rex Airlines, Virgin Australia and Virgin Australia Regional Airlines) averaged 76.8 per cent for on time arrivals and 76.1 per cent for on time departures. 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. Virgin Australia Group is committed to maintaining a market share consistent with its pre-COVID position, the business said in a statement. Since then, Virgin Australia hasn't turned a profit. It comes as a surprise to investors and aviation enthusiasts. Set a new standard in customer experience. 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