Hallajeuah...!!!

Wot say u lot now..... Kevin 07 dun on the 7th ....live on CH........7

See ya.......but not too soon Oi hope.....
:yuk:

Thai Airways! Made a profit for 40 years straight prior to a loss in 2008 then a few more....

You did say "ever" been a good investment. I reckon those first 40 years would have been alright.

Branson cleaned up on Virgin Blue/Australia. Made him hundreds of millions.

What did Borghetti earn for the last financial year? I thought it was $2.8 mil excluding bonuses and shares. He sure has learned a lot from his old boss at QF - earn millions per annum and deliver????????
Then again, no wonder the place is crying poor when they are, or should I say were paying people like Tanner $915 k per year! Talk about dead money!

And to think, investors buy shares in this?? How lame.

Etihad still true believers
 

That's a big hit, Australia is currently not a cheap place to do business for airlines. The next 12 months will be very interesting, particularly in Asia as well. A lot going on at the moment.

Our industry has been getting raped by governments for years. Its a cash cow and has an enormous input to the economy. I read an article that said that we are around 1.85 times more productive than other industries. 25 mil last year 50 mil this year for Virgin. What do we get for it? Nothing, not even a show bag.

If socialism continues in this country I think you might find we will see redundancies. Its time for the long term unemployed and the single mums to get up off the couch and chip in. The rest of us are getting up at 3am and sitting in peak hour on the way home.

I don't know if the 100 mil includes the purchase of the other two companies but if it does, combined with the carbon tax isn't probably as bad as it looks. Lets not forget Virgin hasn't had decades of free reign on corporate and government accounts so its a mighty big mountain to climb against the QF enormous machine.

Relishing in the misfortunes of colleagues is not normal by the way.

When you are talking about Tanner it most certainly IS normal! As he was a very not-normal person.....

Singapore Airlines purchased shares directly from VA in exchange for guaranteed 10% holdings for $105mil (Oct 2012). This was probably part of a deal to fund the acquisition of Tiger and Skywest one would assume. Therefore the purchase of Tiger and Skywest was effectively free, paid for by SQ. The further shares this year were purchased from Virgin group so that money went to Branson.

that would require admitting that Qantas and Joyce aren't so bad after all...

Plenty. Do a search. Try v Australia. Do try to keep up........

Here you go dude;

http://www.pprune.org/australia-new-...e-110-mil.html

:ok:

I would be more concerned with their billion $debt (combined with operating loss).

Yes, plenty of outgoings due to buying restructuring etc. But "preferred choice for domestic business"? 15 or so % of the market is a start, but a long way from "preferred". And if they don't pull their finger out to maintain customer satisfaction, then that's going to slide downhill.

Porch I think he's talking about a recent survey of business travellers that had Virgin overtake Qantas in satisfaction rates. Of note, the survey included business travellers that travel in economy. The survey was a Ray Morgan one I think, so reputable :ok:

Problem is jack, I see it as it happens. The poll is always behind the times, sadly. They really do need to get their **** together in the cabin, and, dare I say it, on the ground.......:sad:

Air New Zealand can probably afford it at the moment.

Air New Zealand profit more than doubles - Business News | TVNZ

Interesting to see how Borghetti makes money from here. Any advance in business yield will be incremental and there is no domestic capacity expansion that the market could absorb. There is no international presence except for the international airlines that are the primary shareholders of the company and no plans to fly Virgin's own product and aircraft overseas. They make a commission on the code share but it can't be substantial and its not Virgin 'product'. No freight component to the company.
Tiger and Skywest must be going to rake it in.

No international presence...

Umm, VAI, VANZ, Virgin Samoa all international and operated by Virgin. Or is there something that I am misreading about "international".
The ASX 200 site gives a comprehensive report about the outcome, I suggest a read. Should answer a few comments on here.

Whether or not Air New Zealand can afford it is not the concern. Why Virgin needs it is the real question, given that JB claimed to have 580 odd mil in the bank and a 184 mil cashflow.

WhT am I missing here?

The odd 777 and a commanding 737 presence in the Pacific does not an international operation make.