Virgin Blue (ASX:VBA) says it expects to be back in the black in 2010 because of lower fuel prices and better passenger loads.
Australia’s second-biggest airline forecast a net profit before tax and exceptional items at between $80 million to $110 million for the year ending June 30. That compares with a loss of $93 million a year earlier.
Virgin Blue says the forecast reflects an improvement in operating conditions.
Virgin Blue posted a loss of $160 million in 2009.