while the charts and valuations etc all look positive id hold...

while the charts and valuations etc all look positive id hold off.

I sold my VBA position around the 33c mark and was thinking about buying back in but may not now.

Delta has just launched a Syd > LA direct route in direct competition to Virgin aust. Qantas already has a 70% market share of this route

Tiger air just launched a syd>melb route. This is the "gold run" and the backbone of Virgin blue. Qantas has other strong routes but this is virgin's busiest.

The double whammy against VBA, increased competition, and already lacking pasanger travel isnt looking great. Branson has said in papers that he's against a capital raising and "may" not pump anymore money into Virgin Blue. If he's against pouring more money into it I think he can see the writing on the wall

Id be interested to see how this plays out.
VBA been taking losses in its NZ routes, but theres been talk of a AirNZ merger which will breath life into VBA. Oils at some pretty low prices, but markets are expected to drop again before the end of year.

tie will tell