Stock Track | Virgin Australia Soars 5.96% Intraday on Strong Demand, Effective Hedging, and Positive Outlook

Stock Track
Apr 15

Virgin Australia Holdings Ltd's stock surged 5.96% during the morning trading session on Wednesday, driven by a series of positive company announcements.

The airline continues to experience strong customer demand in FY26. Despite expecting fuel costs to increase by A$30-40 million in the second half of FY26, the company has effectively mitigated this risk through comprehensive fuel hedging, being 92% hedged for Brent Crude Oil and 71% for refining margins for the remainder of 2Hfy26.

Further supporting the bullish sentiment, Virgin Australia expects Revenue per Available Seat Kilometer (RASK) growth of 5% in 2Hfy26 and 6% in the fourth quarter. The company has also adjusted airfares and capacity for the period. Management reaffirmed its FY26 guidance and expects a higher underlying EBIT margin in the second half of the fiscal year.

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