VBA Upgraded
Virgin Blue's earnings upgrade last week won upgrades yesterday from two leading investment banks and brokers.
In a statement,
the airline said it estimated its net profit before tax and exceptional
items at between $80 and $110 million for the year to June 30, compared
with a loss of $93 million a year earlier.
Virgin Blue's previous guidance was for a "return to profitability" this financial year.
The shares ended steady at 55c. Yesterday they edged up 1.5c to 56.5c
Analysts at Goldman Sachs JBWere said they had "revised our earnings
estimates for VBA to reflect a swifter than expected recovery in
domestic yields, as well as an improved outlook for V Australia given
its recent strength in load factors and apparent yield improvement.
