Posted without comment...


Why do investors keep ploughing money into airlines when they lose so much money? - ABC News (Australian Broadcasting Corporation)

From the article:

Qantas and Virgin Australia are no means the worst financial performers in the skies, but under their respective and long term bosses Alan Joyce and John Borghetti both have lost more than they have made……..

…….Few airlines consistently make profits

While Qantas has been soaring with big profits in the last three years as fuel prices have fallen, they don't come close to erasing a $2.8 billion loss in 2014.

And since Alan Joyce took over in November 2008 Qantas has made no money.

Its total after-tax results, which is what is available to shareholders, is a loss of $155 million.