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.
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