Virgin Australia Profitable After 11 Years; Loyalty Revenue Soars

16 Oct 2023

Virgin Australia returns to profitability after 11 years. It's spent the last year investing in technology including new systems for the loyalty business. As it heads to IPO one of its pockets of growth is the Velocity Frequent Flyer loyalty business which grew revenues 68% to $330 million last year.

Velocity Frequent Flyer