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Virgin1 Australia's boss John Borghetti says he will continue to compete with Qantas despite it's hurting his company's bottom line. Virgin lost 84 million dollars in the first half of the year. The result underlines the price the carrier is paying to take market share from Qantas who still holds around 65 percent of market share. Chief executive2 John Borghetti says he will continue to take the fight to Qantas.
“Nobody and I mean nobody can talk to a certain percentage of the market. You need to work hard to earn that. You need to provide customer service, value and choice. And as I've often said, market share is a consequence of strategy and not our strategy.”
Shares in Virgin Australian ended the day flat and muted3 the market reaction to its half-year loss. Investors4 in Woolworths were expecting more than its 15 percent increase in its half-year profit. James Hardie posted a 64 percent rise in its third quarter profit. Harvey Norman shares added 2.5 percent after its profit increase.
The broader Australian share market ended slightly lower. The All Ords slipping a tenth of a percent.
And the Australian dollar is ticking down against the greenback, but holding at 89.5 US cents.
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1 virgin | |
n.处女,未婚女子;adj.未经使用的;未经开发的 | |
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2 executive | |
adj.执行的,行政的;n.执行者,行政官,经理 | |
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3 muted | |
adj. 1.(声音)静静的;减轻的;2.(意见)含糊不清的;表达不明确的 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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