Budget airline Virgin Australia has reported an annual loss of A$67.8m (US $7.9m), blaming higher fuel prices and a string of natural disasters for the slump.
The company's net loss for the 12 months ended on June 3 compared with a profit of A$21.3m in the same period last year. Annual revenue rose to A$3.27bn from A$2.98bn.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? firstname.lastname@example.org