Virgin Blue Group advised the Australian Stock Exchange of sharply lowered earnings expectations for its fiscal year ending June 30, blaming in part fares that have fallen by 10% in the past month. The airline group is forecasting a 2009-10 net profit before taxes and exceptional items in the range of A$20 million ($16.9 million)-A$40 million. In February, it estimated a pre-tax profit for the full fiscal year of A$80 million-A$110 million. The new notice came as the Australian Bureau of ...

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