It just rehashes the same old same old. Tiger loses money. Certainly no trade secret.
The larger issue is the slowdown in the leisure end as quoted by Jetstar on the last half. Qantas is also feeling this. Virgin domestic is not seeing this trend. Tiger whilst it’s numbers are terrible so hard to judge, would only indicate it would just make it harder to get back to the green.
The Virgin 737 operation has a much larger leisure network compared to the QF 737 operation. What’s interesting is these passengers are not dropping off. Essentially it’s the bottom of the barrel market that is going backwards. The premium leisure market (ie non bogan) is growing, PS has acknowledged this countless times and is a large focus going forward.
A lot of upside for Virgin to can the Tiger.