Virgin Blue's better-than-expected profitability in 1HFY2010; Expects tougher second half

Premium Analysis

Virgin Blue delivered a better-than-expected result in the six months to Dec-2009 (1HFY2010), returning to profitability in a challenging operating environment, aided by strict cost control efforts and improved domestic yields. The carrier reported a net profit after tax of AUD62.5 million (USD55.8 million) in the six months ended Dec-2009 (1HFY2010), for a net margin of 4.1% (compared to a net margin of -7.5% in the previous corresponding period).

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