Virgin Australia Releases Financial Guidance

The holding company for Virgin Australia laid out its earnings guidance for the 2019 financial year. The firm expects a dip in earnings due to pressure from rising fuel costs and foreign exchange volatility. Virgin Australia’s outlook includes an expectation for 6% revenue growth in the year.

The company reported uncertainty regarding its revenue and domestic market conditions. Passenger bookings has slowed because of weakened consumer confidence and the impact of the federal election set to take place on Saturday, May 18th.

Source: Aviator