Virgin Blue counts cost of IT systems outage

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Australia's Virgin Blue group has estimated a loss of up to A$20 million ($19.7 million) resulting from an outage to its reservation systems over the last two weeks,

"An initial assessment of this interruption shows an estimated pre tax profit impact of A$15-20 million. Virgin

Blue will be actively pursuing all avenues to recover this cost," says the carrier.

The outage started on 26 September, affecting the airline's reservations, check-in and other operating systems and resulting in severe flight disruptions.

The systems were fully restored on 6 October, says Virgin.

"Prior to the outage the group had seen an improvement in general trading conditions when compared to the corresponding period last year," it adds.