Refile: Virgin Australia posts 22% rise in annual profit, declares inaugural dividend

Virgin Australia Holdings

27/08/2026 23:26

Corrects dateline, no changes to text
Aug 28 (Reuters) - Virgin Australia VGN.AX on Friday declared its inaugural dividend and posted a better-than-expected annual underlying profit, on strong demand and benefits from its transformation program and disciplined capacity management.
Australia's No. 2 airline reported underlying net profit after tax of A$404 million ($290.64 million) for the 12 months ended June 30, up 21.9% from a year before, beating the Visible Alpha's consensus estimate of A$383.4 million.
It also declared a fully franked full-year dividend of 7.6 Australian cents a share, its first dividend since re-listing in 2025.  

 ($1 = 1.3900 Australian dollars)

 (Reporting by Sherin Sunny & Rajasik Mukherjee in Bengaluru; Editing by Joyjeet Das)
 ((Sherin.Sunny@thomsonreuters.com; 
Rajasik.Mukherjee@thomsonreuters.com))