VAH 0.00% 8.6¢ virgin australia holdings limited

There is light..., page-155

  1. 783 Posts.
    lightbulb Created with Sketch. 20
    This article is very discouraging, especially to virgin.

    Why do investors keep ploughing money into airlines when they lose so much money?
    http://www.abc.net.au/news/2017-10-12/why-investing-in-airlines-is-a-dumb-idea/9040916



    Year Qantas result under Alan Joyce Virgin Australia result under John Borghetti
    1 2017 $853m profit $186m loss
    2 2016 $1.03bn profit $225m loss
    3 2015 $560m profit $94m loss
    4 2014 $2.84bn loss $354m loss
    5 2013 $2m profit $98m loss
    6 2012 $244m loss $23m profit
    7 2011 $249m profit $68m loss
    8 2010 $116m profit  
    9 2009 $123m profit  
    10 Overall $155m loss $1bn loss

    Again, it an article and Qantas is at $6.

    Cheers
 
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