Virgin planes are parked next to each other at Kingsford Smith airport in Sydney
Virgin planes are parked next to each other at 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)