Originally Posted by
ShyGuy
IMO the Virgin investors (Virgin Group/Branson), the American investor groups, and the BOD have a vision and are steady in their support of VX. This latest pay increase isn't something they would have done if VX's situation was.
Or VX just did the raises to keep the current group on property since the losses are continuing, and it's cheaper to do 'retention' bonuses than have your CA's take their furlough recall and your FO's leave for other carriers, requiring new hiring, upgrades, and the associated training costs.
You, nor I, know little about the real motivations of the BOD at Virgin America. I hope this pay raise is a good omen.