Transport Airlines

Virgin Australia credits business travelers for its return to profitability

Excerpt from Associated Press via MSN

Aug 28, 2012 11:29 am

Skift Take

The airline derives over 20 percent of its revenue from business travel and has profited from partnerships with international airlines, as well as co-booking flights with other companies.

— Samantha Shankman

Sponsored by:

Free Report: The Future of Personalized Marketing in Travel

Virgin Australia Holdings Ltd., the nation’s second-largest airline, says it returned to profitability in the last fiscal year due to growth in the corporate travel sector.

The budget airline’s net profit of 22.8 million Australian dollars ($23.6 million) posted Tuesday for the year to June 30 reversed a loss of AU$67.8 million in the previous 12 months.

Australia’s largest airline, Qantas Airways Ltd., last week reported a AU$245 million annual loss in profits, hurt by rising fuel prices, a series of strikes that temporarily grounded its fleet and its struggling international division.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Skift Business Traveler: The Return of Airport Liquids Greater Than 3.4 Oz.
How Travel Companies Use Surprise and Delight To Make Tourists Happy
Room Mate Hotels Enters Apartment Rentals Game With BeMate Launch
Business Travelers Find Turning Trips Into Vacations Has Its Perks