Originally Posted by
Ragnor
Junkstar as you so eloquently put it has plenty of frequent flyers on the triangle more so on SY-ML, also have regulars on a lot of other routes, I’m not loosing any sleep. Jetstar already have a lower cost base which VA don’t have, remember they have expensive EBAs for unproductive work forces that have not been re-negotiated yet. I’m confident there will be punters keen to travel once these bans are lifted and they will look for the cheapest option, Jetstar will come out strong their prices may increase a little on some routes but all airlines will do this they have a lot to recover.
VA have a lot of work to do before they’re any kind of competition to anyone even Rex. latest from Deloitte as their debt closer to $6.9B so it will take a lot to entice anyone to buy VA given their track record over the years.
up until corona, very few business types flew JQ on triangle unless $$$ tight, beasue if JQ aircraft went U/S might not be another JQ flight for many hours & JQ wouldn't put you on QF.
VA EBAs have gone out the window. Anyone at VA thinking V2 will be paying them anything like what they were getting is dreaming. V2 will be smaller, with lot less staff getting paid a lot less, probably to do more.
It's now an employers market. It will be take it or leave it & that will be only for those who are asked to apply.
What VA debt ? Isn't most of that aircraft leases, which will go fast.
New airline to aircraft owners - we'll give you $x/month for your aircraft, take it or leave it. There are going to be 1000s of aircraft parked & just like post SEP11, airlines can dictate to aircraft owners what willing/able to pay.