PPRuNe Forums - View Single Post - Things not looking too rosy at Virgin Blue...
Old 18th Aug 2005, 10:10
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Tunguska
 
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And just from Sky News :

VIRGIN DOWNGRADE

Virgin Blue has issued a profit downgrade, forecasting full year earnings to slump 43 per cent.

The drop comes as record high fuel prices eat into earnings. The airline is tipping earnings to come in between $90 million and $100 million for the year, which is well down on last year's $159 million result.

The discount carrier says the rising fuel prices will add about $150 million to its fuel bill this financial year.
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