KRUSTY what parallels are you refering to? QF has the questionable engineering issues at the moment not
VB.
VB have still got large cash reserves $700 million. They are expanding the market not pulling out of the market eg QF to shut Mildura maintenance whilst
VB put EJets in there. QF have handed not so profitable routes to Jetstar as they realised if they didn't compete with
VB on the same level they would be in trouble eg OOL.
VB under VOZ are picking the eyes out of the most profitable international routes LAX and JNB.
Finally the company made a $98 million dollar profit and included in this $40 million of start up costs for VOZ. So as
VB $138 million in a year when the price of fuel is double what it probably should be.
The reasons for
VB changing is to please the people buying the seats not the wannnabe pilots/economists/stock brokers on this forum. All the changes have been asked for by the people buying the seats. There is no point sticking to the one thing if it isn't going to last in the long term. If this recession gets under way do you think the people from the outer suburbs will still be able to afford even J* and Tiger.
I say the changes are for the good and with a +80% load factor the majority agree.