It was a day five years in the making for Virgin Australia, and it went off without a hitch: Australia's second-largest airline group is finally back on the ASX, with CEO Dave Emerson ringing the bell for its IPO on Tuesday.

The relisting caps off a remarkable turnaround for Virgin Australia after it collapsed into administration in 2020 during COVID-19 – but now that the long road back to public trading is over, what's next for the carrier?

Adam and Jake discuss how Virgin got back on its feet, how it's changed its business model, and where its future might take it.

Plus, with tensions in the Middle East playing havoc with flights through the region, should airlines be looking at more connecting hubs between Australia and Europe?