The financial contrast between the two domestic airlines couldn't be more striking.
Qantas Airways is buying back $500 million of shares, at the same time smaller rival Virgin Australia appears poised to pursue a recapitalisation of similar scale to fix its ailing balance sheet.
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Jamie Freed writes on business specialising in aviation, tourism, travel. Based in our Sydney newsroom, Jamie has 10 years experience as a journalist. Connect with Jamie on Twitter.
