Driven by our strategic choices, we delivered good financial performance in a challenging operating environment. A Virgin Australia 737-8FE, VHYIY, arriving at YMML (Victor Pody). NDIA 2021-22 Annual Report (PDF 8.7MB) NDIA 2021-22 Annual Report (DOCX 10MB) Easy Read. Virgin Australia (VA, Brisbane International) is expected to shortly announce the three or four financial institutions signed on as underwriters in an initial public offering (IPO) that could be as soon as mid-2023.There are also reports that the airline is looking at taking on an undisclosed amount of debt prior to any IPO. 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. Chart. Virgin Money UK PLC - 2021 Annual Report and Accounts (PDF, 10,656KB) Clydesdale Bank PLC 2021 - Annual report & consolidated financial statements (PDF, 2,775KB) Pillar 3 report 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. The report shows the precarious position the airline found itself in during the pandemic and its administration. View report of the 20-Sep-2021. However, it includes an unsecured $125 million loan from the Queensland Investment Corporation. Australian tax payers money was given to Virgin as JobSeekers funding. The financial statements for Suncorp's key subsidiaries DO NOT present a financial picture of the Group as a whole. PDF 11.57 MB. A monthly membership is only $5.99 or save with our annual plans. REA Group Annual Report 2009. 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 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. Username or email already exists! The FY20 accounts represent the financial position of Virgin Australia when the company was in the middle of administration, a spokeswoman said. Overall, Virgin saw an underlying before-tax loss of $76.8 million marking perhaps a better indicator of Virgins financial performance in the year to 30 June. This statement describes how the directors of the company have had regard to their statutory duties to promote the success of the company (as set out in . Strong momentum in increasing share of Corporate and Government market segment now represents more than 25% of domestic revenue, up from around 10% in FY10 Virgin Australia Holdings Limited ABN 54 100 686 226 56 Edmondstone Road, Bowen Hills QLD 4006 . Annual Reports. According to the financial report, the licence for the brand expired at the end of March. A paid subscription is required for full access. 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. However, if sifted through, the entire profit belongs to the AU$4.4 billion worth of creditor claims extinguished on its sale to Bain Capital in November. The Qantas Group Annual Report contains key financial information as well as important operating and corporate information about the Qantas Group. In the year to 30 June, revenue fell by nearly 70 per cent due to intermittent border closures, from $4.5 billion in 2019-20 to just $1.5 billion, however Virgin claimed it was similarly able to cut down expenditure, also by 70 per cent. Importantly, cost will be a major focus over the next three years, building on the work of the Business Efficiency Project. 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. Whether we're boarding our annual Pride Flight, launching our weekly Happy Hour fares or engaging our guests through . Virgin making a huge profit is very funny. Annual car sales worldwide 2010-2022, with a forecast for 2023, Number of cars sold in the U.S. 1951-2021, Battery electric vehicles in use worldwide 2016-2021, Annual gas prices in the United States 1990-2021, Automotive industry worldwide - statistics & facts, Motorcycle industry in the United States - statistics & facts, Research expert covering Australia and New Zealand, Profit from additional features with an Employee Account. Virgin Australia did not miss FIFO contracts with resource firms. Space travel company's market value has almost trebled since 2019 listing through a Spac. You need a Statista Account for unlimited access. Annual Report 2012-2013. 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. Add Files. 2019 Annual results Analyst Presentation. 2019 - Annex. We continued to exceed business efficiency project targets, delivering cumulative efficiency gains of more than $191 million and remain on track to deliver cumulative productivity gains of more than $400 million over the three years to 30 June 2015. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. But the profit performance was largely due to a one-off $4.4 billion write-off to the claims owed to Virgins creditors after administrators enacted the sale to Bain, which masked poor operating conditions and financial stress that continued in the 2021 period as repeat virus waves crippled recovery efforts. 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. Sign up here to get the latest news, updates and special offers delivered directly to your inbox. Virgin Australia is in the operation of a domestic and international passenger and cargo airline business and a loyalty program. ANNUAL FINANCIAL REPORT 2015 1 Directors' report The directors present their report together with the consolidated financial statements of the Group comprising Virgin Australia Holdings Limited (VAH) (the Company) and its subsidiaries, and the Group's interests in associates and joint ventures, for the financial year ended 30 June 2015 Participants were asked Would you be more likely to recommend Virgin Australia, Qantas or have no preference? 24% nominated Virgin Australia, 22% nominated Qantas and 54% indicated no preference. Since coming out of administration, with new owners and strong financial backing, Virgin Australia has a much stronger balance sheet.. Statista. You have to borrow to keep going. Virgin Australia has reported a $3.7 billion after-tax profit for the fiscal year ending June 30, 2021, its first since 2012. To understand the Group's financial . 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. Secured lenders and aircraft financiers are owed $2,284 million; Unsecured bondholders are owed $1,988 million; Aircraft lessors are owed $1,884 million; Employees are owed $451 million (in the event of liquidation); and. You only have access to basic statistics. Connect image/svg+xml Click OK to continue. Over the half, we implemented a number of major cost reduction initiatives including programs to reduce overall employment and procurement costs, as well as introducing a new Fuel Management System, targeting 2 per cent fuel efficiency savings by the end of Financial Year 2015. A reboot of its former low-cost subsidiary Tigerair appears dead in the water. Save. Our people, and their willingness to go above and beyond for our customers and our shareholders, remains the Virgin Australia Groups core differentiator in the market. September 17, 2019. An assessment of the competitive landscape and market shares for major companies. Deloitte have assisted them to write off debts and even some bond holder did not get paid at all. To use individual functions (e.g., mark statistics as favourites, set An adjustment has been made to H1 FY13 to normalise the impact of the Skywest acquisition. The airline also confirmed the return of 10 leased 737s, a plan to return to 80 per cent pre-COVID capacity by June and new routes between Melbourne-Hamilton Island and Melbourne-Darwin. Business Solutions including all features. Annual Report 2017-2018. Under the Game Change Program, Velocity Frequent Flyer has gone from strength to strength, expanding its global network to over 460 destinations and offering competitive earn and redemption rates and unique member rewards. Dec 1, 2021 - 10.02am Share Virgin Australia, which was sold to US private equity firm Bain Capital last year, has defied COVID-19 and reaped $3.7 billion in statutory after-tax profits in. Underlying CASK3 growth of 3.4%, incl. Last updated: 30/03/2021 09:33. Charter also represents a significant opportunity for the Group to grow and diversify revenue. Files available for download (1) English (PDF, 10 MB) Document 11 November 2022 The underlying before-tax loss a non-statutory figure excluding one-off items was $76.8 million. 2021-2022 Commonwealth Consolidated Financial Statements. Virgin Australia Group is committed to maintaining a market share consistent with its pre-COVID position, the business said in a statement. The group has always said it intends to target 33 per cent domestic market share by delivering great value to corporate travellers, small to medium businesses, and leisure travellers of all types. Our 2021 performance highlights. fuel and foreign exchange strong benefits realised in second half FY14 with 2% CASK growth over the half, on lower capacity growth 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.. Please do not hesitate to contact me. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. after Virgin axed budget offshoot Tigerair Australia and about 3000 staff with its relaunch last year. 2015. 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. 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