Domestic services flown by the country’s two biggest airlines, Qantas and Virgin Australia, are still more delayed than they were before the pandemic as a lack of new aircraft hampers attempts to meet soaring travel demand.
Virgin, owned by American investment giant Bain Capital, had the fewest proportion of flights arrive on time over the past 12 months, according to official figures released by the federal government on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.