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Virgin Australia has posted an underlying profit over $330 million in its first annual results since returning to the ASX earlier this year.
Australia’s second largest airline group achieved an underlying net profit after tax of $331 million in the 2025 financial year, up 27.8 per cent on 2024, and a statutory net profit after tax of $479 million, down 12.3 per cent. The airline brought in $5.8 billion in revenue, up 8.5 per cent on 2024.
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The news comes following a successful year for Virgin, including a new partnership with Qatar Airways and a strong IPO in June.
“In FY25, Virgin Australia achieved strong underlying earnings growth, relaunched long-haul services, advanced our Transformation Program, and lifted operational performance – all while delivering exceptional experiences for our guests,” said Virgin Australia CEO Dave Emerson.
“We strengthened our partnership with Qatar Airways Group and returned to public ownership through a successful IPO, a strong endorsement of our clear strategy and market position.
“These achievements are only possible thanks to our wonderful team, who live our values and bring our ambition to be Australia’s most loved airline to life every day.
“This weekend we celebrate 25 years of Virgin Australia. We have come a long way since our days as an irreverent start-up that shook up Australian aviation, but one thing remains the same – our people, and their care, passion, and Virgin Flair.”
Both the airlines and Velocity Frequent Flyer segments performed strongly, said Virgin, with underlying airline EBIT up 36.4 per cent to $535 million and Velocity seeing “double dicit revenue growth” to an EBIT of $127 million.
According to CFO Race Strauss, the airline expects continued growth in 2025-26, with demand for air travel increasing, Velocity expanding, and the transformation program continuing.
“The Group’s strong financial performance and further expansion of our EBIT Margin in FY25 reflect the continued progress of the Transformation Program, our disciplined approach to investments and operational improvements,” he said.
“Importantly, all key financial metrics included in the Prospectus were met or exceeded.”
In contrast to its criticism of Qantas, the TWU has taken a more positive tack towards Virgin’s results, and called on the group to keep “repaying and investing into the workforce”.
According to TWU National Assistant Secretary Emily McMillan, Virgin’s example shows that “listening to your workforce, rather than taking an antagonistic, combative attitude as we’ve seen at Qantas, can yield strong results”.
“We’ve seen progress at Virgin towards decent jobs and standards and a positive relationship with workers, with movement towards insourcing and consultation on the Qatar partnership,” she said.
“It was also pleasing to see Virgin and Bain recognise workers’ efforts with an employee share scheme, after TWU members had deservedly called for it.
“With many areas of aviation in crisis, we now need to see Virgin join us in pursuing reform to return aviation to an industry that works for the whole community.”
Virgin employees have been granted $3,000 in share rights as part of the airline’s IPO.
