Virgin Blue states 2011 outlook is challenging, EVA Air profit quadruples in 2010

Virgin Blue has updated its FY2011 outlook in light of recent increases in fuel prices and natural disasters in New Zealand and Australia and announced it expects to report a full-year pre-tax loss between AUD30 million and AUD80 million. Shares in Virgin Blue were flat in trading on Tuesday, as Chinese and Japanese airline shares traded strongly on the back of an upturn in Asia Pacific stock indexes. Skymark Airline shares recovered 7.4%.