Best of all, the biggest irritant for them - Virgin - are just getting their heads above water financially and gave away their cost advantage as the Borg took them upmarket. Both carriers took hits in the capacity war, but Virgin came off second-best and had to have its balance sheet revamped a couple of times. And if the rumours of HNA seeking an out are true, while Etihad would probably exit at the right price, things aren't going to get easier on the other side of the fence any time soon.
I think the worst is gone.
https://www.news.com.au/finance/busi...78d8c4fd561092