PB makes a dis proportionate amount of money for the
VB group hence when the chips are down in AU opportunities are being thrown PB's way. So it is not throwing money away. Eg Poly Blue just announced 9.8mil profit - thats 1 a/c making that money btw.
However the concern is too much growth too quick is very dangerous.
Re QF. QF and Air NZ are not laughing at
VB/PB they are both very nervous.