Virgin Australia H1 results

[Spongbob]

Wow, the airline made a profit despite my AMEX free VA flight.

 

[deva22]

Haha, it wasn't "free", it was paid for by American Express!

 

[BAM1748]

Which in turn was paid by the card holders indirectly.

 

[mavrick9]

Which in turn was paid by the card holders indirectly.

... and then the merchants where you're spending, they are paying 2-4% on that purchase.

 

[mavrick9]

Worth a read if you're interested :

"The carrier charged an average of 9.1 per cent more for its mainline domestic fares and 12 per cent more for fares at low-cost arm Tigerair Australia in the first half"
http://www.smh.com.au/business/aviation/virgin-australia-profits-rise-as-domestic-fares-surge-20160210-gmqr1w.html

Investor presentations are on the ASX website, (Not on VA Website as yet)
Announcements - Search results - ASX

 

[eastwest101]

Investor presentations are on the ASX website, (Not on VA Website as yet)
Announcements - Search results - ASX

Well if they can't make money with low oil prices, raising fares, taking over a LCC competitor and absorbing the back office functions (TT) and a major competitor that has cut domestic capacity then I would be really concerned. I think this has more to do with OPEC than any particular brilliant manoeuvres by VA management.