Aren't you missing your nightly fix of A Current Affair?
Thanks, I just watched A Current Affair.
Lets just say,
VB under Godfrey built up a solid steady business with cash reserves and moved into a good space in Australian Aviation, JQ handles the scraps, QF the toffs and Tiger the idiots.
VB was right in the middle and offered all the options without the tags.
Since Borghetti has moved in and waved his magic wand on a radical change of the airline it has taken a massive hit on the
VB bottom line. I'm not saying its wrong or right, just saying it as it is. I've listed where the cash has gone including the losses its generating on a daily basis. If I say that they have spent arount $650-$700 million on the re-structure the mathematics is simple to work out (no need to be a "genius").
If it works, great, if not, did this radical move prove to be the demise of
VB. I hope its not.
Time will tell........
In the red corner QF (rich but in turmoil), In the red corner
VB (poor but trying).