Further to my last post here is what Elizabeth Knight wrote on...

Further to my last post here is what Elizabeth Knight wrote on the 4th of September......

"..Longer term, Virgin's attempts to morph into a full-service airline that caters to the business market and takes on Qantas head-to-head are not so silly.

As long as Virgin can keep a lid on the costs within its control (and fuel is not one) a full-service airline brings with it pricing power and a better ability to weather economic cycles.

When the economy is stretched, it is the budget leisure traveller market that dries up - not the business market.."

It's obviously been a tough couple of months, while this isn't a one-for-one contradiction the change in sentiment is breathtaking.