Originally Posted by
KnockKnock
So without doing all the financial gymnastics, how many years did VX post a profit between ‘06 and ‘16?
For the record, we started flying in August 2007....
We went public in 2014 and I think we were profitable for about 2 years prior. We also continued to be profitable after the IPO and the AS deal..
So without the financial gymnastics, profitable from 2013 onwards....about 6 years after start-up...
We had a super aggressive growth schedule for the first few years, so it was understood that the profits would not come right away. Of course, the crazy oil prices in '08 didn't help either..