Virgin Australia reported underlying net profit after tax of A$404 million ($290.64 million) for the year ended June 30, up 21.9% from a year earlier and above Visible Alpha’s A$383.4 million consensus estimate. Strong travel demand, a transformation program focused on pricing, loyalty earnings and efficiency, and effective fuel hedging supported the result. The airline expects to reduce domestic capacity by 3% in the first half, matching rival Qantas Airways, while forecasting revenue per available seat kilometre (RASK), a measure of revenue earned per seat flown, to rise 6% to 8% in the six months ending December 2026, ahead of the roughly 5.15% consensus estimate. Qantas expects total revenue per available seat kilometre to increase 8% to 10% over the same period. Virgin Australia also declared a fully franked dividend of 7.6 Australian cents per share, its first since relisting in 2025.