There is light..., page-5

Nope. No light. Not without a significant event to change direction. Otherwise, it's just a continuing strategy of squeezing costs to maintain cashflow. A dramatic difference in strategy concerning route selection, corporate partnerships, etc, is required.

I thought there was a chance that JB would be replaced by JT and we would see this happen, but perhaps not. I guess end of the FY is the next natural milestone for a change of guard. Without that, I suspect it's another year in the doldrums for VAH.