Virgin expects $49m H1 loss

Airline says it is not aware of any reason for a recent drop in its share price.

Virgin Australia Holdings (VAH) has responded to a price query from the Australian Securities Exchange by saying it is not aware of any information that has not been announced to the market that could explain a recent fall in its share price.

In a statement, the airline said it has not given any earnings guidance for the six months to December 2013, but said it expects its loss before tax will be materially in line with the analysts' median forecast of $49 million.

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