Virgin Blue slides on weak domestic Australian outlook
Virgin Blue’s shares slumped 7.6% yesterday as it issued a profit warning in its Mar-2010 traffic report. News headlines focused on its trans-Tasman alliance with Air New Zealand yesterday, but Virgin Blue quietly mentioned that profit before tax and exceptional items for the current financial year (to 30-Jun-2010) would be at the lower end of the AUD80-110 million range announced on 04-Feb-2010.
