Original article by Michael Smith
The Australian Financial Review – Page: 14 : 4-Jul-17

Virgin Australia released an update on its trading performance on 3 July 2017, two days prior to the launch of its new service to Hong Kong. Virgin Australia, which reported a net loss of $A69 million for the third quarter in May 2017, advised on 3 July that it will be "cash flow positive" for the full financial year. However, its forecast for EBIT growth of between two and three per cent for its Velocity frequent flyer program was down on previous forecasts.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, VELOCITY FREQUENT FLYER PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN