Domestic routes have always been the bread and butter for Australian airlines and where best profits are made. If Virgin can turn things around in their domestic business we'll be looking strong. With Qantas and Tiger struggling recently it's a great opportunity for Virgin to grow their market share.
Growth in alliances and frequent flyer scheme are also encouraging as was the international routes showing profitability in the last financial report.
I'm encouraged but the airline business is such a tough one operate profitably in, won't take anything for granted until we get some more guidance from VBA
VBA Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
