Virgin
Australia Holdings has posted an after-tax loss of A$355.6m ($332.6m; £200.5m)
for the full year ending in June.
The
result is more than triple the firm's previous year's loss of A$98.1m.
The
carrier blamed weak consumer sentiment, overcapacity in the market and carbon
tax costs for the loss.
Virgin
also said on Friday that it would sell a 35% stake of its frequent flyer
program to a private equity firm, valuing the program at A$960m.
The
carrier, which is Australia's second largest behind Qantas, said ongoing
uncertainty around the economy had also contributed to its full year loss and
that it would
