Virgin Australia

Middle Eastern airline, Etihad Airways have increased their holdings in Virgin Australia (ASX:VAH). Etihad bought 221 million shares on the ASX stockmarket.

• Etihad chief executive officer James Hogan said, "We are very pleased to have reached this threshold. We support the management strategy of Virgin Australia and will continue to work closely with them on ways to improve our business."
• Etihad doubles ownership stake in Virgin Australia to 10 percent.

Airline operator, Virgin Australia (ASX:VAH) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Virgin Australia Holdings Ltd full year nte profit of $22.8 million up 134 percent on the previous year when it reported a loss of $67.8 million.
• Virgin Australia total revenue from ordinary activities reaped $3.9135 billion, up almost 20 percent.
• Underlying profit after tax of $82.5 million.