The Age:
Although Virgin swung to a $22.8 million annual profit, from a $68 million loss previously, the impact of the competition was evident in its earnings in the second half when it recorded a $29 million loss.
Who has deeper pockets wins. I'm all for Virgin, but you have to recognise the impact this will have on both sides of the fence.
But the competition is healthy, and I'd love to see Virgin given room to grow and room to compete without it being unfair. It's a win for the customer, and it will be a win for Qantas employee's. It means QF will have to invest in it's product and in it's people.
QF have had it too good for too long, it's about time they are pushed, but will they just roll over and die like they are for long haul?