Australian Securities Exchange (ASX) questioned Virgin Blue’s second profit downgrade in less than a month, which it announced on 28-May-2010 (The Australian, 31-May-2010). The carrier has reportedly reassured ASX that the revision was announced as soon as the information was available. Virgin attributed the downgrade to a “really radical decline in yields, even though it was a short period”. It now estimates its net profit before tax and exceptional items for FY2010 will be in the range of AUD20-40 million, compared with previous guidance of AUD80 million.
Australian Securities Exchange questions Virgin Blue over second profit downgrade
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Philippine Airlines Part 2: more expansion to Australia and China as A321neos arrive in 2017
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In Europe PAL is considering adding a second European destination in 2018, with Frankfurt and Rome under consideration. PAL has already added capacity to Europe this year by upgrading its London Heathrow service to daily.
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Ryanair: digital success raises ancillary target to 30% as it becomes the "Amazon of air travel"
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