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12/10/17
22:16
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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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