Remember when Virgin Blue was a supposed "basket case" when POO...

Remember when Virgin Blue was a supposed "basket case" when POO was over $100 because of their reliance on leisure travellers ?

Elizabeth Knight sums up in her piece in the Age/SMH the latest analyst fad..

"...Compared with Virgin Blue - which will also be doing it tough - Qantas is more vulnerable because as the corporate and consumer income declines, overseas travel is hit hardest.

Virgin Blue is primarily domestic and has less reliance on business travel."

Imagine if the commentators actually ran an airline they'd be punching at every shadow/chasing every fad - fortunately or unfortunately (depending on which way the wind blows) airlines are captive to the decisions they made 3 - 5 years ago.