Business
Virgin to scrap for less than a third of the domestic market – The Australian Financial Review
Chief executive Paul Scurrah acknowledges his airline will lose market share as the battle for returning travellers heats up, but says he would be unconcerned as long as Virgin was profitable.
Qantas also predicted it could increase its domestic market share to about 70 per cent as Virgin downsizes and emerges from voluntary administration under new owner in Bain Capital.
Further squeeze
Mr Scurrah declined to put a number on how many planes his airline would relaunch with at the CAPA Australia Pacific Aviation Summit, only saying a full capacity Virgin would use 75 Boeing 737 aircraft.
Such a fleet size would be about half of what Virgin operated before falling into administration…
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