You have a pretty good point there IT.
Most airlines are not good long term investments, the only people who make money out of them are the speculators and the crooks. All other investment is strategic.
Branson set it up, and cashed out while it was still a novelty and walked away with a pocketbook of easy cash.
Astute shareholders would have bugged out when he did (and most probably did).
Hence why it is now mainly owned by other airlines who have a "strategic" investment rather than a profitable one.
Jetstar was initially created not to make a profit, but to screw Virgin. (Strategic).
Tiger came into Oz not to make money, but to screw Jetstar. (Strategic).
Virgin bought Tiger, because their move to full-service wasn't working, and they needed to screw Jetstar. (Strategic).
Virgin bought Skywest to screw Qantas, so Qantas bought Network to screw Virgin/Skywest. (Strategic).
The other major airlines only bought into Virgin to screw Qantas. (Strategic).
Is there a pattern forming?
