Ann: VAH VAHHA - S&P Global Ratings Outlook Update, page-9

Not saying they would do it right now they still have 1.1billion in cash so aint going anyone for a while, but IF the turnaround does happen, you could have a business that makes some money. The Australian domestic business makes money, it's basically the international business and tiger which loses. IMO one of the reasons they run the international business at a loss is for it's shareholders as it provides passengers Etihad and Singapore.

I'm not saying this great investment, but can see plenty of outs before it goes out of business.