Virgin's TigerAir losing $2 million a week

[scrotometer]

The Australian aviation sector was destroyed the day the FAC was formed back in the 80s.
It added so much cost onto everything that GA died and the airlines became more and more expensive to operate thus the public copped it.
It has just gone from bad to worse since then regardless of who the operator is.
If the industry was a horse you'd shoot it.

[Anthill]

The reason why there is no tram or light rail link to Tullamarine is that the Victorian State Government signed a deal with the owners of Melbourne's tollways that they would never build one.

[TWT]

Not so sure Anthill :

Public Transport Users Association (Victoria, Australia) » Myth: The Citylink contract forbids airport trains
mmmmmm
mmmmmmmmm
nnnnnnnnn
nnnnnnnn
mmmmmmmmmmmmmmmmmmmmmm

[Anthill]

Thanks, ah...urban myths

[B772]

Interesting to hear the Tigerair Group have the entire fleet of 3 x A319's in storage at ASP. In addition they have 11 x A320's either parked or in maintenance.

So much so for Tony Davis and his planned fleet of 72 aircraft. He was a disaster.

[morno]

Wrong Tigerair there buddy.

[wheels_down]

There is something like 25 Aircraft idle as a result of poor decision making and leadership.

Question is, how long until SIA takes full control of Virgin Australia?

[porch monkey]

Etiahad and Air New Zealand might have something to say about that.

[flamingmoe]

How long will the major shareholders be prepared to throw good money after bad? They will want to see some return on this significant investment.

[flightleader]

Tiger Mandala has at least 5 A320s parked at KUL.

[AirWest]

What a hold load of tosh... seems we cant trust these journo's. Tigerair lost $850k a week compared to $2.2million a week!

[Ollie Onion]

VIRGINS loss attributed to TIGER was 850k per week, what percentage does Virgin own, Sinapore will be taking a hit on this as well, so what is Tigers total loss?

[wheels_down]

Probably closer to 1.5m a week.

It gets a bit messy as Tiger Airways Holdings report their financials across a April-March period where Virgin reports a July-June.

Either way, the Virgin CEO was pretty confident in the media briefing this morning with Tiger, he basically said Profit is coming FY17.

No mention of profit for Virgin. We might see Tiger making profit before Virgin.

[B772]

The Tiger loss per aircraft /sector/hour flown/passenger in all cases greater than Virgin.

NB. Tiger = Tiger Australia

[Berealgetreal]

B772, please refrain from using logic on pprune. It has no place here.

[AirWest]

$1,415,000 a week.

which is just over a 1mill less than the stupid journalists said they were loosing

[Trevor the lover]

But the stupid journalists could probably spell "losing"

[AirWest]

They could... but sometimes they don't. Hence why I misspelled it!

[Trevor the lover]

Sure........

[Berealgetreal]

Not sure why people are picking on journalists. Very strange. Maybe our industry could learn a thing or two from theirs.