Volcanic eruptions in Lombok that sent ash floating towards Bali cost Virgin Australia a pretty penny.
The airline reported the damage as $19.2 million in their half-year profits from the flight cancellations in November and December 2015, according to News Corp Australia.
But Virgin’s before tax profit for July-December 2015 of $81.5 million was apparently $71.2 more than the same period last year, so it’s not like things are so dire for the airline.
Plunging fuel prices and serious growth from their budget subsidiary Tiger Air are mainly to thank for keeping Virgin Australia on track to return to profitability by the end of the 2017 financial year, reports say.
