Virgin Australia to 'actively manage' capacity after Q1 loss

Sydney

VIRGIN Australia said on Wednesday it would "actively manage" capacity after swinging to a loss for the first quarter of the financial year because of subdued trading conditions, particularly in Australia's domestic aviation market.

The surprise loss came as Australia's second-biggest airline and its larger rival, Qantas Airways have been hit by lower demand from mining companies since the end of a resources boom in remote regions.