Virgin Australia reiterates first-half guidance but expects softer second half
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The news: Virgin Australia has reiterated its first-half guidance, but said it expects capacity growth to slow in the second-half of the financial year.
The numbers: Virgin said it is tracking its first-half capacity growth guidance of 4% after the first quarter. It also said revenue per available seat kilometre is on course to meet first-half guidance of 3-5% growth.
However, it said capacity growth for the second half will be 2%, averaging 3% growth for the year.
Virgin shares were down 0.2% to $3.16 at 3:30pm AEDT, as the benchmark ASX 200 index dropped 1.5%.
The context: Virgin said total cost increases were broadly in line with expectations for the first quarter.
The airline expects "moderate benefits" from lower fuel costs in FY26 will be offset by investment in ongoing transformation program initiatives.
The source: ASX
