Virgin Blue has blamed its producer of information and technology for making the airline’s booking system go haywire on last Sunday. 

John Borghetti, Virgin Blue Holdings Ltd Chief Executive, has refuted the fact that the airline's two latest profit downgrades were done to “clear the decks” soon after his appointment. He shared it with the stockbrokers at a conference in Melbourne on Tuesday that nothing could be further from the truth.

Australia's second largest airline, Virgin Blue, has decided to purchase the 105 Boeing 737 aircraft. It is attempting to upgrade its fleet. This overhaul is the largest since the launch of the airline a decade ago.

Virgin Blue, the second largest Australian airline, today echoed the cautious outlook shared by its much larger rival Qantas, after also posting about 80% of its expecting earnings of the complete year in a return to profits during the first half of the company's financial year.

Virgin Blue has managed to sound an optimistic chime throughout the travel industry, one of the hardest hit sectors during recession, after lifting its before-tax earnings forecasts to as much as $110 Million for the complete fiscal year.