Virgin Australia issues profit warning
Virgin Australia expects its earnings will be lower this financial year.
The airline has cited the overhaul of its reservations system and tough economic conditions for the downgraded forecast.
Virgin said its underlying pre-tax profits this financial year would be less than in 2011-12 when it recorded A$82.5 million in profits before tax.
The airline had originally forecast an improved performance on last year.
Ian Jarrett
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