VAH 0.00% 8.6¢ virgin australia holdings limited

This article is very discouraging, especially to virgin. Why do...

  1. 783 Posts.
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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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