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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. [1489 words]

Unlock the following content in this report:


  • Yields down in FY2009 showing some signs of improvement
  • Improvements in unit cost base
  • Redeploys some domestic capacity to short haul international routes
  • V Australia continues to suffer
  • ¬†Outlook: Challenging and volatile

Graphs and data:

  • Virgin Blue financial highlights for 12 months ended 30-Jun-2009
  • Virgin Blue net profit margin (%): FY2006 to FY2009
  • Virgin Blue operating costs (% change year-on-year): FY2008 vs FY2009
  • Virgin blue share price growth: Jan-2009 to Aug-2009
  • Virgin Blue RPK and ASK growth: Jan-2008 to Jun-2009
  • Virgin Blue domestic destinations map: Aug-2009
  • Sydney-Los Angeles capacity breakdown by carrier (seats per week as % of total)¬†
  • Virgin Blue fleet delivery plan
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