Virgin Blue expects breakeven in FY2010 after sinking to a deep loss in FY2009
Virgin Blue reported a full year net loss of AUD160 million (USD132 million) in the 12 month period to Jun-2009 (for a net margin of -6.1%), on the lower end of its AUD160-165 million forecast, hurt by falling passenger demand amid the "toughest operating conditions" in its nine year history and one-off costs (AUD74 million) associated with the launch of its long haul V Australian operations.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.