The airline will need to demonstrate its new strategy can fly even as economic conditions deteriorate.
Virgin Australia has recorded its first annual profit in more than a decade after its revenue more than doubled as the airline prepares to relist on the Australian stock exchange next year.
“By creating a systemically lower cost-base and a conservative balance sheet, as well as investing heavily in technology and frontline, we are well-positioned for our future,” Ms Hrdlicka said. Virgin said there had been a continued recovery in the aviation sector during the year, but high demand for travel and supply chains were normalising, helping to deliver some improvement in reliability and operational stability.
Ms Hrdlicka said Virgin would continue to deliver value for money to customers caught in the cost-of-living crunch, as well as invest in cabin upgrades and new aircraft. , as expenses outpaced any recovery in passenger revenue as lockdowns eased and the airline exited administration.
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