virgin australia annual report 2015
For personal use only recommendation is therefore not applicable. I’m pleased to confirm that based on current market conditions, all fundamental business metrics are on track for the Group to return to profitability and report a Return on Invested Capital in line with its cost of capital for the 2016 financial year. The Statutory Loss After Tax for the 2015 financial year was $93.8 million, an improvement of $260.0 million on the prior corresponding period. Revenue and earnings growth were driven by record annual growth in members, strong member engagement and new partnerships. The financial report is, Virgin Australia Holdings Limited (VAH) is a company limited by shares, incorporated, and domiciled in Australia. With respect to Virgin Australia Airlines Annual report 2015 ; solutionshere. VIRGIN Australia’s CEO has increased his take home pay despite the airline’s annual loss. Partnering for conversion. Virgin Australia was established in 2000 and states it is Australia’s second largest airline. As an employer, Virgin Australia was recognised as the most attractive employer in Australia in 2015 at the annual Randstad Award. Here you can find our latest results in our annual Change is in the Air Sustainability Report, and download lots of other useful documents and information related to our programme. Virgin Australia group of airlines, formerly the Virgin Blue group of airlines, was launched in 2000 as the first sustainable low-fare airline in Australian skies. Annual Reports. Find out more at Intelligent Investor . Unless otherwise stated, amounts are reported on an underlying basis. Partnering for conversion. Annual Reports. Virgin Australia boss pockets $1 million bonus despite annual loss. 4 Virgin Atlantic Annual Report 2017 Our flight network . In the 2015 financial year Virgin Australia Domestic completed the transition to a contemporary full service airline, including: The rollout of complimentary food, baggage and entertainment across the mainline domestic network; During the 2015 financial year, the Group’s dedicated cargo team implemented a state-of-the-art IT system, which will enable the division to optimise cargo capacity and provide tracking and customised reporting to customers. Based on current market conditions, Virgin Australia Group expects to return to profitability for FY16 and generate a Return on Invested Capital in line with its cost of capital for FY16, which is approximately 10% Strong turnaround in Virgin Australia Domestic business with EBIT of $111.1 million, an improvement of $210.1 million on FY14, and on track for further margin improvement for FY16 Receive monthly progress reports from a dedicated account management team. Increased competitive pressure, particularly in the South East Asian and long-haul markets, constrained yield recovery during the financial year. Virgin Australia Group Chief Executive Officer John Borghetti said: “The Virgin Australia Group has delivered a significant improvement in performance for the 2015 financial year, which reflects the positive trajectory of the overall business. 5 Commonwealth Bank of Australia – Annual Report 2015 Launa Inman Director of the Bank since March 2011. Receive two complimentary Velocity Pilot Gold memberships when reaching $2,000. Begin Application Log in to your business account. Any transaction you haven't completed on … The charter customer experience was also further aligned with Virgin Australia’s mainline operations, including the installation of check-in kiosks and gate scanners at three of its largest charter airports. Earn travel credits when you spend $20,000 or more on eligible flights. Partnering for conversion < Previous | Contents | Next > Tourism Tasmania works with domestic and international trade partners on cooperative marketing campaigns to convert consideration into sales. Find detailed stats on Virgin Holidays revenue on Craft. Receive monthly progress reports from a dedicated account management team. Positive Operating Cash Flow of $218.1 million, an improvement of $225.8 million on FY14 Virgin Australia Holdings Limited is the holding company that owns and operates Virgin Australia, Virgin Australia International Airlines and Virgin Australia Regional Airlines.It previously operated Pacific Blue Airlines, Tigerair Australia and joint-venture airline Polynesian Blue which were absorbed into Virgin Australia in December 2011. Virgin Australia group of airlines, formerly the Virgin Blue group of airlines, was launched in 2000 as the first sustainable low-fare airline in Australian skies. 3 Target Total Shareholder Returns with the top quartile of the ASX100 and global listed airline peer group as stated in the 2014/2015 Remuneration Report in reference to the 2015–2017 LTIP. The painting of the last red Virgin Blue aircraft in the new Virgin Australia livery. Virgin Australia boss pockets $1 million bonus despite annual loss. The business also won a number of prestigious awards during the period, including Best Airline Staff Service Australia/Pacific by the Skytrax World Airline Awards for the fifth consecutive year. Revenue increased by 4.8 per cent on the 2014 financial year on capacity growth of 1.3 per cent, driven by growth in the Corporate and Government, Charter, Interline and Codeshare segments. Any transaction you haven't completed on … Tigerair Australia has completed a challenging turnaround, with its first annual profit. It also enables Virgin Australia International to redeploy some capacity to meet increased customer demand on strong-performing routes and to withdraw Virgin Australia International from routes where market structures have changed. Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 About Virgin Atlantic About Virgin Atlantic. Details on Virgin Money UK financial results, annual reports and our financial calendar. Going back to our current website? Earn travel credits when you spend $20,000 or more on eligible flights Appointed as Director, Mr Goh Choon Phong (appointed 4 July 2014), Mr Ulf Huttmeyer (Alternate Director) (appointed 18 February 2015), Mr Robert McDonald (Alternate Director) (appointed 1 September 2014), Mr James Rigney (Alternate Director) (appointed 4 July 2014, ceased 18 February 2015), Mr Keith Roberts (Alternate Director) (ceased 25 August 2014), Mr Marvin Tan (Alternate Director) (appointed 4 July 2014), 1.1 Details of directors and alternate directors, their qualifications and experience, Ms Elizabeth Bryan - AM, BA (Econ), MA (Econ), Independent Non-Executive Director. Auckland Rarotonga Cook Island Wellin gton Queenstown Christchurch Auckland s S a F r n c is c o s Delhi Jaipur Kochi Colombo Kozhikode Thiruvananthapuram Goa Mumbai Ahmedabad Amritsar … “Over the 2015 financial year Virgin Australia Domestic has continued to drive positive yield growth, led the major carriers in On Time Performance and achieved record customer satisfaction with the end-to-end customer experience . Virgin Australia Holdings Ltd (VAH) ... , it's usually once a year in their Annual Report. Completion of wireless in-flight entertainment roll-out across the entire Boeing 737-800 and Embraer 190 fleets; This bibliography was generated on Cite This For Me on Sunday, November 26, 2017 E … Virgin Australia Charter continued to deliver revenue growth during the 2015 financial year. By choosing to go back, you'll be taken to the home page of our current website. Results Highlights and Outlook. Tigerair Australia delivered a significant improvement in On Time Performance, with average departures On Time Performance increasing by more than six percentage points during 2015 financial year, finishing the year with 89.0 per cent of flights on time in June and outperforming its major competitor in five of the first six months of the 2015 calendar year . Annual Report 2015-16. Receive two complimentary Velocity Pilot Gold memberships when reaching $2,000. KEY DATES 2015 financial year end 30 June 2015 Full year results and dividend announcement 21 August 2015 Notice of meeting mailed to shareholders 7 September 2015 Final dividend for ordinary shares Record date Payment date 9 September 2015 7 October 2015 Annual general meeting 21 October 2015 Half year end 31 December 2015 … Virgin Australia International reported an Underlying EBIT of -$68.9 million for the 2015 financial year, a decline of $22.8 million on the prior corresponding period. Mr Borghetti said he expects that: Virgin Australia Domestic will continue to deliver margin improvements in FY2016;; Virgin Australia International will be profitable by FY2017; During the 2015 financial year, Velocity added the highest number of members since the program’s launch, with an average daily join rate of more than 2,400 per day, up from around 1,900 during the 2014 financial year. ADDRESS Challenger Institute of Technology 1 Fleet Street, Fremantle Western Australia 6160 TELEPHONE 61 8 9239 8200 FACSIMILE 61 8 9239 8555 EMAIL info@challenger.wa.edu.au WEBSITE challenger.wa.edu.au Contact us Available in alternative format on request. Research. It carried 19,502,316 domestic and international passengers during the reporting period. In July 2015, Velocity acquired a leader in the data and analytics field, Torque Data, enabling the business to significantly expand its capabilities in this field and support its ongoing growth. This preview shows page 1 - 4 out of 132 pages. Log in. She is a member of IAG's People and Remuneration Committee, the Audit Committee … The past 12 months has again seen significant growth in baseball and it is with great pleasure we present to our members the 2015/16 Australian Baseball Federation Annual Report. Virgin Australia International revenue decreased by 3.3 per cent compared to the 2014 financial year on a … Virgin Australia reports $211.7m loss, sells stake in frequent flyer program By Jamie Freed Updated August 30, 2014 — 3.07am first published August 29, 2014 — 8.38am The Emirates Group Annual Report 2019-2020 - Download PDF (14.5 MB) (Opens a PDF in a new window) Emirates Annual Report 2018-2019. Virgin Australia Holdings Limited, since 2015; Westpac Banking Corporation, since 2006; and Caltex Australia Limited, since 2002. Discounted Virgin Australia Lounge Memberships and offers year-round. The Group has continued to decrease Underlying CASK while investing in the customer experience. Copyright © 2021. We serve 6.4 million customers across the UK through a digital-first approach that offers leading online and mobile services, supported by telephone and branch banking, including a national network of branches and business banking centres. FREE 15-Day Trial. All press, releases, financial reports and other information are available at our Shareholder, A N N U A L F I N A N C I A L R E P O R T 2 0 1 5, The directors present their report together with the consolidated financial statements of the Group comprising Virgin Australia Holdings Limited, (VAH) (the Company) and its subsidiaries, and the Group’s interests in associates and joint ventures, for the financial year ended 30 June 2015. With respect to Virgin Australia Airlines Annual report 2015 . fuel and FX reduced by 6.4% on FY14, Virgin Australia CASK excl. Annual Review 2015 71st Annual General Meeting Miami, June 2015 ... Virgin Atlantic Virgin Australia VLM Airlines Volaris Volga-Dnepr Airlines VRG Linhas Aéreas Vueling Airlines w White Airways Wideroe x Xiamen Airlines y Yemenia MEMBERS’ LIST. 103180 Questions; 101039 Tutorials; 96% (6397 ratings) Feedback Score View Profile. The most recent external survey results show customers were 75 per cent satisfied overall with their Tigerair Australia experience, up 11 percentage points since October 2014. Virgin Atlantic Annual Reports. As a result, Qantas Shareholders will no longer receive a printed copy of the Annual Report unless you advise the Qantas Share Registry. CHALLENGER INSTITUTE ANNUAL REPORT 2015 1 Statement of Compliance 3 Agency … Virgin Australia Holdings Limited (VAH) Overview. Virgin Australia Holdings Limited, since 2015; Westpac Banking Corporation, since 2006; and Caltex Australia Limited, since 2002. “I’m pleased to report that we are seeing strong results from the transformation of Virgin Australia Domestic. The Group derived a hedging benefit of approximately $31 million in the prior corresponding period which impacted the year on year gain. Australia’s second largest full-service international airline, Virgin Australia, recognized total revenue and income of 5.83 billion Australian dollars in the 2019 financial year. Earn travel credits when you spend $20,000 or more on eligible flights Save 10% on select domestic and international flights. She is a member of IAG's People and Remuneration Committee, the Audit Committee … Our fully audited annual reports are prepared in accordance with International Financial Reporting Standards. The first Pride Flight operated by Virgin Australia departed... Tigerair Australia recorded an EBIT loss of -$8.6 million from 17 October 2014 to 30 June 2015. 5 . On track to deliver a 25%-30% improvement in financial leverage for FY17 The business also incurred $27.4 million in hedging ineffectiveness costs and time value movement on cash flow hedges. A new international standard Business Class service on the Airbus A330s; and This growth has been supported by the addition of four Fokker 100 aircraft, expanding the charter fleet from 20 to 24 aircraft. Skip to content. Virgin Australia | Book flights & holidays with Virgin Australia . Our fully audited annual reports are prepared in accordance with International Financial Reporting Standards. Going back to our current website? Launa Inman is a member of the Audit Committee and the Remuneration Committee (from August 2014). Receive two complimentary Velocity Pilot Gold memberships when reaching $2,000. 2 Virgin Australia Group | Annual Report 2019 include 100% of Tigerair Australia statistics from 1 November 2014. Velocity invested significantly in people and systems in the 2015 financial year which will drive stronger earnings growth going forward, with a minimum of 15 per cent earnings growth per annum expected in the 2016 financial year and the 2017 financial year. As a result, Virgin Australia International has begun to show improvement, with Underlying EBIT improving by $2.4 million in the second half of the 2015 financial year compared to the prior corresponding period. These are the sources and citations used to research Business Studies Bibliography - Virgin Australia. 2 Little Red route ceasing 26 September 2015 3 Seasonal route starting Summer 2015 Our routes. She was a member of the Risk Committee during the 2015 financial year (ceased August 2014). The Group reported an Underlying Loss Before Tax of $49.0 million for the 2015 financial year, an improvement of $162.7 million on the 2014 financial year. Tigerair Tigerair commenced operating in Australia in 2007 and is a wholly-owned subsidiary of the Virgin Australia Group. View Notes - annual-financial-report-2015 from SCHOOL OF 10850 at Curtin University. Bootcamp. Virgin Australia Cargo is the Group’s newest business division. “Whilst there are challenges on the international front, we are confident with our improvement plan. The LCC, now a fully owned subsidiary of Virgin Australia, was profitable for the first time in its nine-year history in the year ending 30-Jun-2016.. ADDRESS Challenger Institute of Technology 1 Fleet Street, Fremantle Western Australia 6160 TELEPHONE 61 8 9239 8200 FACSIMILE 61 8 9239 8555 EMAIL info@challenger.wa.edu.au WEBSITE challenger.wa.edu.au Contact us Available in alternative format on request. Our story; The Virgin Atlantic blog; Media centre; Annual reports; Careers; Our story; The Virgin Atlantic blog; Media centre; Annual reports; Careers; Support Support. Virgin Australia International revenue decreased by 3.3 per cent compared to the 2014 financial year on a capacity decline of 0.4 per cent. Underlying Group CASK excl. YASMIN (YA) ALLEN BCom, FAICD, age 51 - Independent Non-Executive Director INSURANCE INDUSTRY EXPERIENCE Yasmin Allen was appointed as a Director of IAG in November 2004. It has established a global reputation as an innovator and leader in the aviation industry, renowned for the warmth of its people and the quality of the service they provide. On a standalone basis, it recorded an improvement of $42.7 million on the prior corresponding period. Launa Inman is a member of the Audit Committee and the Remuneration Committee (from August 2014). Virgin Australia Domestic led the major carriers in On Time Performance for the 2015 financial year, achieving 87.9 per cent of flights on time. CHALLENGER INSTITUTE ANNUAL REPORT 2015 1 Statement of Compliance 3 Agency … The business achieved significant progress in driving incremental revenue growth and delivering cost synergies, with approximately $7 million in benefits achieved as a result of the completion of the Group’s full acquisition of Tigerair Australia. 18.5% growth in Velocity Frequent Flyer revenue, with an average of more than 4,300 joins per day in the last quarter of FY15. In keeping with our policy of financial transparency, our site houses annual reports dating back to the financial year 1993-1994. She was a member of the Risk Committee during the 2015 financial year (ceased August 2014). 2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. Baseball Australia Annual Report / 2015-16 3 Chairman & CEO Report It is with pleasure that we present the 2015/16 Australian Baseball Federation Annual Report. “As a result of the progress on our strategy to date, we are now on a positive trajectory and on track to significantly improve financial performance again for the 2016 financial year. Remuneration Report in the Virgin Australia Group Annual Financial Report 2015 . Begin Application Log in to your business account. Refer to the Review of Operations section in the Qantas Annual Report 2017 for definitions and explanations of non–statutory measures. QAntAs AnnUAL RePoRt 2015. chAiRmAn’s RePoRt Qantas performed strongly in 2014/2015 to achieve its best result since before the Global Financial Crisis, enabling the Group to both strengthen its balance sheet and resume shareholder returns. The business introduced a number of initiatives to improve the customer experience while streamlining costs, including check-in kiosks at major airports and an iPad-based mobile app that makes the check-in and boarding process more efficient while enabling additional revenue opportunities. Group Underlying Cost per Available Seat Kilometre (CASK) reduced 6.4 per cent excluding fuel and foreign exchange for the 2015 financial year compared with the prior corresponding period. Summary of activities. Receive monthly progress reports from a dedicated account management team. Our highlights . Operating margins improved from -3.1 per cent to +3.4 per cent. It also placed in the top 3 for the previous five years, including a top spot in 2011. During the 2015 financial year, the Group converted four Boeing 737-800 deliveries for 2016 into Boeing 737-MAX aircraft. Velocity Frequent Flyer reported an 18.5 per cent increase in revenue and an 8.0 per cent increase in Underlying EBIT to $81.2 million for the 2015 financial year. Summary of activities < Previous | Contents | Next > Over the previous year, Tourism Tasmania: Delivered two domestic brand campaigns Go Behind the Scenery; Spring 2015 and Go Behind the Scenery Autumn 2016 in Victoria, New South Wales and Queensland ; Presented Season of Curious, a winter activation delivered from 2 May to 12 … It carried 19,502,316 domestic and international passengers during the reporting period. Report archive. APC Annual Report 2015 (PDF) APC Annual Report 2014 (PDF) National Carbon Offset Standard: NCOS Public Disclosure 2018 (PDF) NCOS Public Disclosure 2017 (PDF) NCOS Public Disclosure 2016 (PDF) NCOS Public Disclosure 2015 (PDF) WGEA: FY19 Public Reports. Ms Elizabeth Bryan was appointed Company Chairman and to the VAH Board on 20 May 2015. Earn travel credits when you spend $20,000 or more on eligible flights In recent months, the Virgin Australia Group has put into place the first phase of initiatives to improve the performance of the international business, including introducing Business Class on the Tasman and Pacific Islands routes to drive further unit revenue growth; integrating the management of the New Zealand operations into the rest of the international business; consolidating its Los Angeles flying from three to two Australian hubs; and announcing the introduction of new Business Class suites on the fleet of long-haul Boeing 777 aircraft to drive further yield growth. Need Data? Annual Report 2015 Insurance Australia Group Annual Report 2015. This Annual Report is signed on behalf of the Board by: Tony Carter Jan Dawson Chairman Deputy Chairman 26 August 2015 Contents Financial Statements 2 Statement of Financial Performance 2 Statement of Comprehensive Income Directors’ Interests3 Statement of Changes In Equity 4 Statement of Financial Position 5 Statement of Cash Flows 6 Notes to the Financial Statements Statement of … The business is well positioned for future growth. Offered Price: $ 4.00 Posted By: solutionshere Posted on: 04/22/2016 07:51 PM Due on: 05/22/2016 . Comprehensive improvement plan underway for International Business, expected to be profitable by the end of FY17 Significant improvement in Tigerair Australia performance, with EBIT up by $42.7 million. Based on the Virgin Australia Group’s current hedging position and market rates, the Group expects a fuel pricing net benefit of approximately $162 million in the 2016 financial year. Terms. Virgin Atlantic annual report 2016 9 I am pleased to report a profit for 2016 which represents our third consecutive year of profit and fourth successive year of improvement. It also placed in the top 3 for the previous five years, including a top spot in 2011. Our annual update on our latest progress and results. Discounted Virgin Australia Lounge Memberships and offers year-round. • Positive Virgin Australia Group Yield and Domestic Yield growth on FY14 Discounted Virgin Australia Lounge Memberships and offers year-round. The Emirates Group Annual Report 2019-2020 - Download PDF (14.5 MB) (Opens a PDF in a new window) Emirates Annual Report 2018-2019. View Notes - annual-financial-report-2015 from SCHOOL OF 10850 at Curtin University. VIRGIN AUSTRALIA GROUP ANNUAL FINANCIAL REPORT 2015 ACN: 100 686 226 Annual financial report … Discounted Virgin Australia Lounge Memberships and offers year-round. annual-financial-report-2015 - VIRGIN AUSTRALIA GROUP ANNUAL FINANCIAL REPORT 2015 ACN 100 686 226 Annual financial report For the year ended 30 June, 1 out of 2 people found this document helpful, Consolidated statement of profit or loss and other comprehensive income, Consolidated statement of financial position, Consolidated statement of changes in equity, Notes to the consolidated financial statements, This financial report covers the Virgin Australia Holdings Limited Group, consisting, of Virgin Australia Holdings Limited and its controlled entities. Taking into account 100 per cent of Tigerair Australia performance on a like-for-like basis, the 2015 financial year underlying performance represents a $213.0 million improvement over the prior corresponding year. In-text: (Virgin Australia | Book flights & holidays with Virgin Australia, 2015) Your Bibliography: Virgin Australia. New-look Virgin Australia Adelaide Lounge opens to frequent... Save 10% on select domestic and international flights. Our 2016 profit on ordinary activities before taxation and exceptional items is £23m which is an improvement of £0.5m on 2015, despite a very challenging macro-economic environment. For personal use only. Eureka Report. EBIT growth of 8% in FY15 and expecting a minimum of 15% earnings growth per annum for FY16 and FY17 Details of its registered office and principal place of, Through the use of the internet, we have ensured that our corporate reporting is, timely, complete and available globally at minimum cost to the Company.