September 23, 2014 3:16 PM ET

Airlines

Company Overview of Virgin Australia Holdings Limited

Company Overview

Virgin Australia Holdings Limited operates airlines in Australia. The company operates through Domestic Operations and International Operations segments. Its aircraft flies to a range of Australian domestic ports, including regional network operations, as well as international destinations comprising of Trans-Pacific, Abu Dhabi, Trans-Tasman, Pacific Island, and South East Asian routes. The company’s fleet includes Airbus A320, Airbus A330-200, ATR72-500/600, Boeing B737-700, Boeing B737-800, Boeing B777-300ER, Embraer E170 and E190, and Fokker F50 and F100. It operates approximately 80 aircraft. The company serves leisure, corporate, government, and regional markets. It has strategic allian...

56 Edmondstone Road

Bowen Hills, QLD 4006

Australia

Founded in 2000

Phone:

61 7 3295 3000

Key Executives for Virgin Australia Holdings Limited

Chief Executive Officer
Age: 58
Total Annual Compensation: $2.6M
Chief Financial Officer
Total Annual Compensation: $1.2M
Chief Executive Officer of Velocity Frequent Flyer
Total Annual Compensation: $603.0K
Chief Customer Officer
Total Annual Compensation: $604.0K
Chief Commercial Officer
Total Annual Compensation: $541.0K
Compensation as of Fiscal Year 2013.

Virgin Australia Holdings Limited Key Developments

Virgin Australia Holdings Limited Reports Preliminary Operating Results for the Month of July 2014

Virgin Australia Holdings Limited reported preliminary operating results for the month of July 2014. For the month, the company reported total revenue passengers carried of 1,757,843 against 1,796,865 a year ago. Available seat kilometers were 3,683 million against 3,697 million a year ago. Revenue load factor was 81% against 79.6% a year ago. Available seats were 2,254,477 compared to 2,256,713 a year ago.

Virgin Australia Holdings Limited Announces Audited Consolidated Financial and Traffic Results for the Year Ended June 30, 2014

Virgin Australia Holdings Limited announced audited consolidated financial and traffic results for the year ended June 30, 2014. For the year, the company's underlying loss before tax of $211.7 million in line with market expectations. Statutory loss after tax was $355.6 million against $98.1 million a year ago. Statutory loss after tax includes asset impairment of $56.9 million and restructuring costs of $117.3 million. Total group revenue increased 7.1% to $4,306.6 million on the 2013, including the additional revenue associated with the acquisition of Skywest. Loss was due to an intense competition led by Qantas, weak consumer sentiment and high taxes hurt its bottom line. For the year, the company reported domestic ASKs excl. Charter of 26,384 million against 25,883 million a year ago. Domestic revenue load factor was 76.9% against 75.1% a year ago. International ASKs was 15,834 million against 15,882 million a year ago. International revenue load factor was 80.7% against 76.4% a year ago.

Virgin Australia Holdings Limited Announces Appointment of Alternate Directors

Virgin Australia Holdings Limited announced changes to the Alternate Directors on the Board of Virgin Australia. The appointment of Mr. John Patrick (JP) Moorhead (Alternate Director for Mr. Joshua Bayliss) is effective August 25, 2014. The appointment of Mr. Robert McDonald (Alternate Director for Mr. Christopher Luxon) is effective from 1 September 2014. Mr. Keith Roberts will cease to act as Alternate Director for Mr. Joshua Bayliss effective August 25, 2014.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 31, 2014
Virgin Australia Holdings Limited, Brisbane Based Office Located At 56 Edmondstone Road
 

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