Virgin Australia reviews network as it issues profit warning
- 17 MAY, 2019
- Virgin Australia is reviewing its network as weakening demand in the domestic market is expected to drive it to an underlying pre-tax loss of at least A$35 million ($24.1 million) for the year to 30 June.
The airline says in a 17 May trading update that it expects underlying profit to be “at least $100 million down on the [2018 financial year] comparative result of A$64.4 million