, followed by flights to the Gold Coast and Adelaide, after securing $150 million in private equity funding to challenge Qantas and Virgin Australia on domestic air services.Sam D’Agostino
“We’ve always said that we’ll scale up and scale down according to the circumstance,” Mr Sharp said, after the group reported an underlying after-tax loss of $12.7 million for the 2021 financial year.Mr Sharp said the new jets would probably arrive by the middle of 2022, but warned the outlook for the travel industry remained highly uncertain despite the progress of Australia’s vaccine rollout.
Virgin Australia is ramping up the rebuild of its domestic fleet following its bankruptcy last year, saying last week it would lease nine more jets over the next six months. Qantas said last week it expected to be flying at 52 per cent of pre-COVID capacity in the December quarter before jumping to 10 per cent above pre-COVID levels in the first half of next calendar year.