Virgin swings to full-year loss

Airline declines to offer guidance for year ahead due to uncertain economic environment, pays no final dividend.

Virgin Australia Holdings (VAH) has declined to provided financial guidance for the year ahead, saying the uncertain economic environment did not allow it to do so, after swinging to a full-year loss.

In the year to June 30, Virgin posted a net loss of $98.1 million, a steep decline on the $22.8 million profit recorded in the previous year.

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