Virgin Australia. Must have been one helluva Strategy meeting!!!!

[PPRuNeUser0198]

This is problematic for the VA Group. Qantas are set to deliver a good result and VA the opposite - both airlines are underpinned by their domestic businesses. It further justifies the Max 10 deferals due to capital pain. I guess the good part is that at an operating level, the airline remains profitable, and this loss will be on an accounting basis versus cash basis - which matters.

Link to update can be found here.