Originally Posted by
downdata
If you want to look at “fundamentals”, all segments - tiger, va international, loyalty are performing worse than prior year - except for VA domestic. Tiger and international are still loss making.
The domestic market is proped up by sequential capacity cuts into growing demand. This cannot and will not last forever. Airline industry has just about the same level of barrier to entry as your local deli...
Yes, like how every deli is able to raise millions of dollars, sign leases on $40 million assets, negotiate terminal access, gain an AOC...
Having said that, the ratio of local delis (or milk bars for those in certain provinces) still operating compared to those that have gone bust is around the same.