Originally Posted by
Moby Dick
What do they have? $82M unrestricted cash on hand? Looks like Virgin will need ANOTHER large cash infusion to make it through the winter. But, I guess if you're Richard Branson, $1B here and there is chicken feed.
Must be nice to work for an airline with a Sugar Daddy with deep pockets. The rest of us have to make a profit to stay in business.
I remember a few years ago, a Netjets pilot told me that Warren Buffett doesn't mind operating Netjets at a loss since it's a tax write-off. That couldn't be more further from the truth. In the end, Netjets laid off a third of their force. Virgin Atlantic will not be around long term losing money.