Reading Time: < 1 minute Etihad backed Virgin Australia posted $185 million in annual losses last month. The results were the fifth consecutive annual loss by Australia’s second-biggest carrier, in which Etihad has a 21 percent stake. CEO John Borghetti says that the losses, a 17.6 percent improvement year on year, indicate that the airline is “on the right track” […]

Reading Time: 3 minutes Virgin Australia posted a fifth consecutive annual loss in 2016/17 as the airline group battles a resurgent Qantas amid a subdued domestic market and books one-off charges from restructuring its fleet. The airline group has reported a statutory after tax loss of $220.3 million for the 12 months to June 30 2017, an improvement from […]