A perfect storm of natural disasters, bad weather and soaring fuel prices was blamed for an expected pre-tax loss of $80 million by Virgin Blue yesterday. As a result shares in the group comprising Virgin Blue, Polynesian Blue, Pacific Blue and V Australia fell 8%. The group said that the predicted loss, put between -$30 million to -$80 million, assumed now further increase in fuel prices and did not take into account an ineffective hedging programme. Yesterday in early trading, shares in Virgin Blue slumped as much as 2.5 cents to 30.5 cents, which was close to their biggest one
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