Virgin cops a lot on the financial front and rightly so for some questionable decision making, but they have replaced 737s in the last 7/8 years 2 vs 1 against QF.
Going into mid next decade Virgin will have a 737 fleet age 1/3 that of QF.
This is the time Virgins capex will slow down for 10–15 years while QF has large fleet bills in the back half of this decade, and this is the point where I expect him to handover the reins to some poor body who is faced with impending fleet bills that will wipe the profitability of the company for many years and trying to work out how they are going to pay for all these neo’s and max replacements.