ASX queries Virgin

BTN News
Tuesday, 01 June 2010
Australian carrier Virgin Blue has been questioned by the Australian Securities Exchange over its surprise second profit downgrade in less than a month.

The carrier is understood to have assured the ASX that its revised earnings guidance was released as soon as the information - termed a radical decline in yields - became available.

It is now claiming profits will be in the A$20m-A$40m range.

Rival Qantas said Friday its pre-tax profit would be in the A$300m-A$400m range for the June financial year.

ASX queries Virgin

BTN News
Tuesday, 01 June 2010
Australian carrier Virgin Blue has been questioned by the Australian Securities Exchange over its surprise second profit downgrade in less than a month.

The carrier is understood to have assured the ASX that its revised earnings guidance was released as soon as the information - termed a radical decline in yields - became available.

It is now claiming profits will be in the A$20m-A$40m range.

Rival Qantas said Friday its pre-tax profit would be in the A$300m-A$400m range for the June financial year.