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Virgin Australia posts nearly $70 million fiscal-year loss
August 26, 2011
Virgin Australia (VA) posted a loss of A$66.6 million ($69.75 million) for its fiscal year ended June 30 compared to a profit of A$21.3 million in the year-ago period. The carrier blamed natural disasters in its home state of Queensland, the radical revamp of its product and the introduction of new...
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