Technology Slice

Virgin Blue Profit Increase

Virgin Blue Profit Increase – Virgin Blue delivered a better than expected result, returning to profit in the first half of the financial year after keeping a tight lid on costs.

The airline posted a first half net profit after tax of around $63 million which is a 162 per cent turnaround from the loss made in the previous first-half.

That compares to a 72 per cent fall in first half net profit at Qantas.

Virgin shares were up 1.5 cents at 63.5 cents at 2.20pm AEDT, while Qantas was down 2 cents to $2.63.

Virgin Blue Profit Increase

Tags: Aedt, airline, Blue Profit, Blue Virgin, Net Profit, Profit Increase, Qantas, Shares, Tight Lid, Turnaround, virgin blue
Posted in Money