27-Jan-2011 10:16 AM

Virgin Blue's profit downgrade shrugged off by brokers

Virgin Blue’s profit warning of 24-Jan-2011 has not daunted analysts’ confidence in the airline, with Virgin Blue’s long-term strategy continuing to receive praise from the broking sector, despite short-term challenges including jet fuel prices and the slowdown in consumer spending (AFR Financial Review, 27-Jan-2011) Outlook from the banking sector is that its strategy of forging alliances with airlines including Etihad, Delta and Air New Zealand will pay dividends from 2012.