Is the market tiring of Virgin's kamikaze strategy?

The sudden descent in Virgin’s share price following a series of bleak broker reports suggests the war with Qantas has turned into a suicide pact.

The Virgin Australia share price developed a severe case of the wobbles today. That could be due to the increased focus the group is getting as its first-half results draw closer.

At one point today the group’s share price had fallen more than 15 per cent to a two-year low before it recovered a little more than half that ground to trade around the 31 cents a share level.

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