Virgin Australia falls deeper into red with $653 million loss – Brisbane Times

The company also wrote down the value of its international business by $120 million. Mr Boeghetti said the accounting adjustments were non-cash and did not affect the fundamentals of Virgins underlying business. We are confident in the performance of the Groups underlying business and that long-term benefits from our growth plans will be delivered, he…

Virgin Australia falls deeper into red with $653 million loss – The Sydney Morning Herald

Virgin Australia has reported its sixth consecutive full-year loss, falling deeper into the red with a $653 million after-tax loss in 2018 compared to a $185 million loss a year ago. On an underlying level, which strips out the impact of Virgin’s three-year business restructuring and turnaround plan,  the airline reported a $109 million profit, up from…

L3: Business Restructuring Provides Opportunity – Seeking Alpha

Synopsis L3 Technologies Inc. (NYSE:LLL) operates in three business units: Intelligence, Surveillance & Reconnaissance, or “ISR” (a combination of aerospace and sensor systems), Electronic Systems and Communication Systems. The company used to operate four business units, with Aerospace and Sensor Systems being separate business units. The share price is up modestly year to date with…