Virgin has posted a 13.4 per cent jump in underlying pre-tax earnings in 2026, helped by strong demand, effective fuel hedging and benefits from its ongoing internal modernisation programs.
Underlying EBIT rose to $753 million in fiscal year 2025 from $664.4 million the previous year, the company said.
“We delivered strong earnings growth and further margin expansion despite significant inflationary
pressure across the aviation supply chain and a more challenging operating environment,” said CEO Dave Emerson.
While the aviation industry has faced a fuel price shock triggered by the conflict in the Middle East, Virgin hedged both crude oil and the more volatile jet fuel refining margins, which limited its exposure to the cost compared to Qantas.
Nevertheless, rising costs and demand moderated by the cost of living jump saw Virgin cut back a limited number of routes during the fiscal year.
More to come
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Chris Zappone is a senior reporter covering aviation and business. He is former digital foreign editor.Connect via X, Facebook or email.From our partners
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