Thylacine, I'm not at all getting exicted.Takes alot more that that these days.
I certainly don't want another company to go to the wall but the market is overserviced.
IMHO,
VB is a major player in a small market. It was helped greatly by the misfortunes of another airline.
I believe that they could be sunk very quickly , if it were in QF's interest.
Current CEO appears overconfident in his abilities yet, has positioned the airline between a rock (QF) and a hard place (the bottom line).
There is no where to move and he admitted only looking at fuel at $100 but did the calcs at $80.
Did a good job selling the float though. Glad I didn't buy.
Major shareholder wants out, doubt they will want to spend more money when the share price is heading south.
To change to a full service operation will cost them more than they can spend, I think. In anycase, you need expertise and experience to serve customers at the level that they expect on a full service carrier. QF has a hard enough time and has spent bundles to get there.How can
VB hope to even approach that level. By the way AN service was certainly better than the current QF product.
Wish them more luck cause they will need more, much more.
Remember only IMHO