Virgin annual results

[Transition Layer]

And now for some spin from the most loved airline management team in Australia:

Virgin Australia Full Year Results
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Virgin Australia has reported a statutory Net Profit After Tax of $22.8 million. However, with a $29 million
loss in the second half of the year, Virgin's profit figures have disappointed some shareholders.

It's important to note that Virgin - with a domestic market share of around 30 per cent - made an underlying
EBIT of $115.6m, while Qantas and Jetstar - with a combined domestic market share of 65 per cent - made a
combined underlying EBIT of over $600m.

Virgin is half the size of Qantas yet its profit was just one sixth the size of ours. This shows the Qantas
domestic strategy to achieve a profit maximising 65 per cent market share target is working.

[Dragun]

Virgin is half the size of Qantas yet its profit was just one sixth the size of ours.

Yes idiots, that's because they conveniently forgot to point out that "half the size" refers to Qantas domestic only whereas "one sixth" under the "Qantas" part includes most if not all of the following: Eastern, Sunstate, Cobham, Network and QF Domestic...possibly AAE? Virgin counts itself and a (currently) tiny turboprop operation through Skywest.

That many airlines stacked against two is always going to show figures like that. How dumb do Qantas think their employees are?

[porch monkey]

Sadly dude, the answer to your question is self evident. But you meant it rhetorically anyway, I know.