Originally Posted by
Check Essential
This Joint Venture is incredibly dangerous for us.
If its all about London-New York that's one thing.
But-
Virgin 747s London-Atlanta-Sao Paolo?
Or any of 100 other combinations that will now be profitable for Virgin if they are picking up Delta feed on their way through the US.
Yeah, but only 49% of the profits accrete to "Delta Air Lines Holdings" bottom line, plus the servicing fee, the fuel, the ticket sales and marketing fee, the management fee ... .