2346 GMT - Virgin Australia's update points to consensus Ebit revisions of low single digit to mid single digit percent, says Citi. Virgin Australia signaled a A$30 million-A$40 million rise in its fuel bill due to the Middle East conflict. But it's benefiting from an acceleration in growth of revenue per average seat kilometer in 2H, albeit on lower capacity. "As a result, we estimate the net movement in revenue is minimal, and revisions in profit largely to the lower end of the fuel guide," analyst Samuel Seow says. He notes current consensus expectations are for Ebit of A$749 million. "With refining hedging reducing to 15% in 1H27, the question now is how far higher fuel costs will drag on in FY27," Citi says. It has a neutral call on Virgin Australia. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 14, 2026 19:46 ET (23:46 GMT)
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