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Virgin Australia facts for kids

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Virgin Australia
Virgin-logo.svg
Founded 1999 (as Virgin Blue)
Commenced operations 31 August 2000
Hubs
Focus cities
Frequent-flyer program Velocity Frequent Flyer
Fleet size 101
Destinations 52
Company slogan This is how we fly
Parent company Virgin Australia Holdings
Headquarters Bowen Hills, Brisbane
Key people
  • John Borghetti (CEO)
  • Richard Branson (co-founder)
  • Brett Godfrey (co-founder and former CEO)
Revenue Increase A$4.7 billion (2015)
Operating income Decrease A-$49 million (2015)
Total assets Increase A$5.8 billion (2015)
Total equity Decrease A$1 billion (2015)

Virgin Australia is a large Australian airline. It started in 2000. From 2000 until 2011, the airline was called Virgin Blue. Virgin Australia flies as both a full-service airline and a low-cost airline, like Ryanair or Southwest Airlines. As of 2016, the airline has a fleet of 108 airplanes and flies to Australia, Fiji, Indonesia, New Zealand, Papua New Guinea, Tonga, the United States, the United Arab Emirates and Vanuatu. Virgin Australia is Australia's second largest airline. It is the main competitor for Jetstar Airways and Qantas. In 2014, Virgin Australia bought Tigerair Australia. Virgin Australia became bankrupt in 2020 because of the COVID-19 pandemic and was bought by Bain Capital in June 2020.

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