It is hard to escape the conclusion that the fortunes of Australia’s two major airlines are moving in opposite directions at the moment. While Qantas can only hope it has bottomed out after a traumatic 12 months, Virgin Australia is on the rise as it capitalizes on a successful strategic realignment. Their contrasting trajectories are highlighted by recent annual earnings reports, which saw Qantas record its first net loss in 17 years and Virgin Australia rebound into the black. While ...


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