Virgin Australia said on Monday it had recorded its second consecutive annual profit and a 6.8% year-on-year increase in revenue, putting it in a stronger financial position as it looks to pursue an eventual initial public offering.

Virgin Australia has reported an 18 per cent increase in its underlying earnings to $519m despite various challenges, including slower-than-expected deliveries of new aircraft, fierce competition and high inflation.

Virgin Australias Financial Resurgence On Monday, Virgin Australia announced it has achieved its second consecutive annual profit, showcasing a 6.8% year-on-year increase in revenue. This positive financial

Airline Virgin Australia said on Monday it had recorded its second year of after-tax profitability since returning to profit last year for the first time in 11 years, and a 6.8% year-on-year increase in group revenue.

STORY: Virgin Australia has recorded its second consecutive annual profit.The airline said Monday it had seen a 6.8% rise in year-on-year revenue.The results put it in a stronger financial position as it looks to pursue an eventual initial public offering.