Belfast Telegraph

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Virgin Australia airline in slump

Published 26/08/2011

Budget airline Virgin Australia has reported an annual loss of A$67.8m (US $7.9m), blaming higher fuel prices and a string of natural disasters for the slump.

The company's net loss for the 12 months ended on June 3 compared with a profit of A$21.3m in the same period last year. Annual revenue rose to A$3.27bn from A$2.98bn.

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