Virgin Australia Holdings Limited
AASX:VGN2.38
AUD
-0.03
(-1.24%)
Virgin Australia Holdings Limited
ASX:VGN
(Australian Securities Exchange)
Recent
price
2.38
P/E
ratio
4.61
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Virgin Australia Holdings Limited (ASX: VGN), headquartered in South Brisbane, Queensland, operates as the holding company for Australia's second-largest airline group, providing domestic and short-haul international passenger transport services, charter flights, cargo operations, and loyalty programs to leisure, corporate, government, regional, and air freight customers primarily in Australia and select Pacific destinations; founded in 2000, the company maintains strategic alliances with international carriers including Qatar Airways, Singapore Airlines, United Airlines, Air New Zealand, Air Canada, and All Nippon Airways (ANA), while its Velocity Frequent Flyer program serves over 13 million members with rewards redeemable across more than 600 global destinations through its network and partner airlines. The group employs over 8,000 team members and flies an extensive domestic route network supplemented by short-haul international services to New Zealand and Pacific islands. Subsidiaries include Virgin Australia Airlines and Virgin Australia Regional Airlines. In recent developments, Qatar Airways Group announced in October 2024 its intention to acquire a 25% minority equity stake from Bain Capital, subject to regulatory approvals including from Australia's Foreign Investment Review Board and Australian Competition and Consumer Commission, to deepen their codeshare partnership, enable Virgin Australia wet-lease long-haul flights from Brisbane, Melbourne, Perth, and Sydney to Doha by mid-2025, and expand loyalty program integration, sustainability initiatives such as sustainable aviation fuel, and opportunities around Western Sydney Airport. Bain Capital, which acquired the airline out of administration in 2020 and led its restructuring into profitability, facilitated its relisting on the ASX in June 2025 via a A$685 million IPO after tripling its investment value. In September 2024, Virgin Australia partnered with Sabre Corporation as the launch customer for the SabreMosaic AI-driven retailing platform, implementing over 40 products across offer management, order processing, settlement, and delivery to modernize personalized offers, ancillaries, and distribution via NDC and EDIFACT channels. The Velocity program expanded with over 80 commercial partners, 12% growth in active members to support higher revenue from corporate and SME customers, and new product launches including American Express co-branded offerings; the company also rebooked over 135,000 disrupted Regional Express customers free of charge amid competitive domestic shifts.