Virgin Blue expects breakeven in FY2010 after sinking to a deep loss in FY2009

Virgin Blue reported a full year net loss of AUD160 million (USD132 million) in the 12 month period to Jun-2009 (for a net margin of -6.1%), on the lower end of its AUD160-165 million forecast, hurt by falling passenger demand amid the "toughest operating conditions” in its nine year history and one-off costs (AUD74 million) associated with the launch of its long haul V Australian operations. [1489 words]

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This report contains the following subheadings:

• Yields down in FY2009 showing some signs of improvement
• Improvements in unit cost base
• Redeploys some domestic capacity to short haul international routes
• V Australia continues to suffer
•  Outlook: Challenging and volatile

This report contains the following charts and tables:

• Virgin Blue financial highlights for 12 months ended 30-Jun-2009
• Virgin Blue net profit margin (%): FY2006 to FY2009
• Virgin Blue operating costs (% change year-on-year): FY2008 vs FY2009
• Virgin blue share price growth: Jan-2009 to Aug-2009
• Virgin Blue RPK and ASK growth: Jan-2008 to Jun-2009
• Virgin Blue domestic destinations map: Aug-2009
• Sydney-Los Angeles capacity breakdown by carrier (seats per week as % of total) 
• Virgin Blue fleet delivery plan