Virgin Australia = (Velocity + Domestic)
-- (International + Tiger) — December 2019

Virgin Australia, Australia’s second airline, has been pursuing for the past ten years the aim of establishing itself as a genuinely effective competitor to Qantas. It hasn’t found this journey particularly profitable.

Since the global financial crisis, the airline industry has enjoyed a strong uptrend and reasonable levels of profits on a global basis, but Virgin Australia has managed to lose a total of A$2bn (US$1.5bn) at the net level since 2012.