Competition and cyclicality make it difficult for Virgin to achieve adequate sustainable returns.
Virgin Australia reported a net loss after tax and minorities of AUD 260.9 million for fiscal 2016, compared with a loss of AUD 110.8 million in the prior period. Excluding abnormal items, we estimate an underlying net profit of AUD 28.4 million, compared with a loss of AUD 42.5 million in the prior period, a turnaround of AUD 71 million. No dividend was declared. While second-half fiscal 2016 showed weakness in revenue yields in both the domestic and international businesses, we believe that op...Virgin Australia Holdings is engaged in the operation of a domestic and international airline business and the operation of a frequent flyer program. Co. provides a variety of aviation products and services to suit the corporate, government, leisure, low cost, regional and air cargo markets. Co. operates a modern fleet of aircraft that includes Boeing 737 and Boeing 777 aircraft, Airbus A320 and A330 aircraft, ATR aircraft, Embraer E190 aircraft and Fokker F100 aircraft. Co. flies to over 40 city and regional destinations in Australia and a range of international destinations that support Trans-Pacific, Middle East, Trans-Tasman, Pacific Island and South East Asian routes.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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