Originally Posted by
swamp
Shy, Id be careful poking at anyone right now.... Working for VA is much like a pinnacle FO buying an Aston Martin with his/her concession check tomorrow... Yes he/she may have the money right now, and can afford the payment right now, but eventually that money is gonna run out and the tow truck driver is gonna take that nice Aston Martin away. The latest VA financial reports were NOT good... $31.7 million LOSS for 2012, and $15 million LOSS for the first quarter of 2013.. Thats a lot of money, and Yes Branson is backing it, but do you think he is in the business of loosing that much money?? Be careful patronizing your old co-workers. I know your joking and messing around (I have a pretty good sense of humor) but some of your fellow brethren do get butt hurt easy, and you never know when you need a fellow co-worker... Good luck big homie.
Do you know how that loss is defined? The 4th quarter had an operational profit, and the net loss was attributed to the interest expense (paying back the investors). The investors are getting money, and that's what counts. The debt restructuring is a big item, with 290 million converted into equity from the Branson side of investors. Plus, the interest rate on the rest of the debt was substantially lowered. To top it off, there was an additional liquidity gain of 75 million cash on hand. IMO, things are better today than they were six months ago when the growth slowdown was announced. It's the other stuff too, like a hefty payraise and QOL increases given on April 1 that were done accounting for the budget this year and how much we make and are projected to make.
I honestly don't need any company. My strength comes from my family and god. As long as I have those, I'm always good to go. And besides, what could I possibly need from cheap subcontracted "hired help" at the regional level? They aren't real pilots as the chart has shown.
