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Virgin Blue
today said that it now estimates its reported profit after tax for 2006/07 will be in excess of
A$158 million, a 40% increase on the previous corresponding period result of
A$113 million.
The revised forecast follows an improvement in market conditions and the airline’s performance as a result of initiatives under its New
World Carrier strategy launched last year.
As a result of the improved outlook and finalisation of
its Long Haul Feasibility Plan, the airline's board has confirmed in principle
to support an international wide-body operation.
The planning and implementation phase of this venture will now be expedited and subject to conditions such as regulatory approval, the
granting of adequate bi-lateral access and conclusion of aircraft negotiations, the airline expects to launch international long haul
operations by late 2008.
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