A Virgin plane takes off from Kingsford Smith airport in Sydney
A Virgin plane takes off from Kingsford Smith airport in Sydney August 30, 2013. Virgin Australia Holdings Ltd reported a A$98.1 million ($87.6 million) full-year net loss on Friday, blaming difficult economic conditions, strong competition and one-off costs related to its recently acquired Skywest business. It also said major shareholders Air New Zealand, Etihad Airways and Singapore Airlines had agreed to provide a term loan worth A$90 million. The result contrasts with a well-received full-year net profit of A$6 million reported by rival Qantas Airways Ltd on Thursday. REUTERS/Daniel Munoz (AUSTRALIA - Tags: TRANSPORT BUSINESS)