Jestar contributes $44 million and pigs fly backwards. Convince me that Jetstar even pays 1 cent toward its fuel bill.
The Australian reports Toll Holdings may be interested in a takeover bid for Patricks. This would liven up the Virgin Blue shares, particularly if Toll wanted to stay out of the aviation sector. Why, they could on-sell to the likes of a hugary Singapore Airlines or Emirates.
Virgin Blue is still considerably profitable, and billions of dollars ahead of most US majors so chill.