AIRLINE NEWS
Monday, June 02, 2008
Virgin turbulence on fuel
Virgin Blue is set to become a bigger thorn in the side of its 62.7% owner Toll Holdings, with one broker warning the airline is not only losing money, but could need an injection of funds if fuel prices remain at current levels.
UBS's research arm has slashed its forecast for Virgin of $60 million net profit next financial year to a $40 million loss, warning the carrier's capital position could become "strained" if jet fuel prices remain at about $US160 a barrel.
business.theage.com.au
UBS's research arm has slashed its forecast for Virgin of $60 million net profit next financial year to a $40 million loss, warning the carrier's capital position could become "strained" if jet fuel prices remain at about $US160 a barrel.
business.theage.com.au
Labels: fuel, Virgin Blue
