Virgin Australia again paid no income tax in 2024 due to carried-over losses, while Qantas returned to paying income taxes, the ATO has said. This followed the two major airline groups both paying zero income tax in 2022–23 due to the massive losses each sustained during the height of the COVID-19 pandemic. “In addition, the group collected and passed $3.3 billion in GST, income tax, and aviation-specific taxes such as the Passenger Movement Charge,” the airline wrote. “Notwithstanding this, in accordance with Australian taxation law, these taxable profits were reduced to nil due to the application of carried forward income tax losses. As at 30 June 2024, Virgin Australia has cumulative carried forward income tax losses of $514.8 million,” it said.