Virgin see recovery delayed

Australia's Virgin Blue says a business downturn in the past few weeks will drag full-year profits down 75 per cent on the guidance figures provided only weeks ago.

It said it had seen "rapid deterioration and increased volatility" in trading conditions since the start of May.

Virgin see recovery delayed

Australia's Virgin Blue says a business downturn in the past few weeks will drag full-year profits down 75 per cent on the guidance figures provided only weeks ago.

It said it had seen "rapid deterioration and increased volatility" in trading conditions since the start of May.