Virgin Australia at 4-week high after lifting revenue view, limited fuel impact

Virgin Australia Holdings

15/04/2026 02:23

Corrects sixth bullet to say stock on track for best, not worst,  day since April 8

** Shares of air carrier Virgin Australia VGN.AX rise as much as 12.3% to A$2.64, their highest level since March 19

** Co holds FY26 earnings guidance despite fuel shock, with 2H EBIT and margins still expected to rise y-o-y, easing downgrade concerns

** Says revenue outlook improves, with 2H unit revenue growth upgraded to 5% from prior 3%–4%, signalling stronger pricing power

** Says fuel cost hit seen as manageable, with only an A$30 million ($21.38 million) –40 million increase vs prior expectations, thanks to extensive hedging and fare adjustments

** Over 3 mln shares change hands, vs the 30-day average of ~1.79 mln

** Stock currently up 7% at A$2.515, on track for its best session since April 8

** Stock down 33% this year, as of last close

($1 = 1.4033 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com))