Where's all the expnsion going to be RaTa? Virgin has been able to expand rapidly whilst it has been the only 'low cost' airline in Australia, but that is all about to come to an end. I think that DJ's expansion will slow down greatly once Jetst*r starts flying.
From then on in, I think they might find it a bit of a hard slog - being squeezed by Mainline from above, and being undercut by Jetst*r from below.
Many of the share market analyst have been predicting such an outcome - more than likely contributing to the decline in the VBA share price.
It will be interesting to see what sort of numbers DJ produce when they publish their first Annual Report at the end of the FY - and especially how these numbers will compare with not only what Godfrey et al have publicly stated, but more importantly, how they were derived.
Intresting times ahead indeed for VBA share holders...
