25-Oct-2010 12:15 PM
Virgin Blue downgraded; AirAsia capitalisation surpasses Malaysia Airlines
Analysis
Virgin Blue shares remained unchanged at AUD 45 cents on Friday. The carrier was downgraded from "outperform" to "neutral" by Macquarie Group Ltd stating it believes the market is overestimating a recovery in earnings this financial year. Market consensus is for the airline to report a profit before tax of AUD112 million for the full year.
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