(Reuters) - Virgin Australia Holdings Ltd <VAH.AX> said on Monday it expects to report positive cash flow for the 2017 fiscal year between zero and A$50 million ($38 million), an improvement of between A$90 million and A$140 million on the prior corresponding period.
Shares in Virgin, which has been struggling with weak demand from corporate and government customers, jumped 6.3 percent to A$0.17 in thin early trade, while the broader S&P/ASX 200 index <.AXJO> was flat.
The carrier said it will report a higher total cash balance at June 30 compared with three months earlier and reaffirmed it expects its underlying performance in 2017 to improve on its fourth-quarter performance in 2016.
(Reporting by Shashwat Pradhan in Bengaluru; Editing by Edwina Gibbs)
