Virgin Blue Forecasts Return To Loss In Current Fiscal Year

Virgin Blue predicts it will plunge into the red for the fiscal year ending June 30, blaming the reversal on fuel prices and the effect of natural disasters. The full-year pre-tax loss is estimated to be AU$30-$80 million ($30.3-80.7 million), compared with an AU$21.3 million after-tax profit in the...

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