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#11
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Pretty sure "Virgin's strategy isn't working" was dispelled at the AGM last week. As far as I can tell Virgin's strategy has worked quite well & the Tiger acquisition could be seen as a more sensible approach to the long-standing 'Virgin Lite' concept...
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#12
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Thomas you've posted the same response twice in different forums, if the VA strategy wasn't working they wouldn't of posted a profit unlike QFA who posted a loss...
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#13
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James, not saying Thomas is right, BUT in business a "profit" isn't actually the ultimate sign of how well or how poorly a business is doing.
You mentioned Qantas and their loss this year, but that loss was actually a statutory loss rather than an actual loss. They actually made a profit before tax of $95m on revenue of $15.7bwas compared to Virgin's $22.8 on revenue of $3.9b. Oddly do the sums and you will see each made roughly the same percentage of profit based on revenue. Likewise the year before their profit included a one off payment of $100m odd from Rolls. So as mentioned profit is not the best indicator. |
#14
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Virgin wants a piece of Tiger
word on the street is that Virgin want's a 60% slice of the Tiger. So, it's looking to pitch Tiger vs Jq and VA vs QF.
interesting times. |
#15
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G'day Monty,
I think the ACCC decision on this was due at the end of January. Virgin and Tiger announced this first back in November. So hopefully it's gone through and Tiger can look at plans for expansion. Cheers Mick |
#16
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thanks Floody,
just caught a snippet on Sunrise and the decision is imminent as you said. http://www.theage.com.au/travel/blog...204-2dtiw.html |
#17
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Sunrise were saying the ACCC decision is due Thursday... for what that's worth, given the same show was saying this would restructure the industry by having TT take on JQ and VA take on QF, as if that hasn't been happening for some time already!?
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#18
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Quote:
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#19
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The Decision is on Thursday, the ACCC has shown some concerns over this due to the fact with the buyout of XR and the controlling majority of TT that it would return the market to a duopoly. It does mean that TT will get a great boost of cashflow and will see the fleet grow significantly.
The decision should pass after a precedent of the QF/EK deal. If the deal does not go through then the future for TT is bleak and could turn them into another page of Australia's aviation history. My job hangs in the balance on this... |
#20
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