I think VBA is a very good bet medium, long term. It's current...

I think VBA is a very good bet medium, long term. It's current market cap is about 1/15 of Qantas and that doesnt make sense to me. It has about 33% share of domestic market and that is where the money typically is for Australia airlines.

There is some competition but it is limited, there aren't any new airports being built in Australia so growth for competitors is limited. Apst year they have been hit by high fuel prices and costs associated with starting V Australia.

I think it is well abel to make 100 - 200 million a year in profit in abuot 2 years. Current market cap is just over 300 million.