Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major
Virgin America Loses Battle to Keep Financial Data Secret >

Virgin America Loses Battle to Keep Financial Data Secret

Notices
Major Legacy, National, and LCC

Virgin America Loses Battle to Keep Financial Data Secret

Old 06-30-2008, 02:50 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Jan 2006
Posts: 1,539
Default Virgin America Loses Battle to Keep Financial Data Secret

Let the losses be reported!



Virgin America Inc. must disclose financial and traffic data it sought to keep confidential over concerns that rivals would use it to better compete with the startup airline.

The U.S. Department of Transportation said that it did not agree with Virgin America's contention that release of the data "will likely cause substantial harm" to the airline.

Burlingame-based Virgin America earlier this year asked federal regulators not to make financial information available to the public -- or its rivals. Allowing other airlines to see its costs, revenue or pricing would "substantially harm its competitive position," Virgin America said in papers filed with the government.

The department regularly releases financial and traffic data about all major U.S. airlines.

Virgin America's request was criticized by rivals like United Airlines Inc. (NASDAQ:UAUA), American Airlines Inc. (NYSE:AMR), Delta Air Lines Inc. (NYSEAL) and others. Those carriers said: "It is fundamentally unfair for those who choose to game the system to keep their traffic and financial data from competitors."

The transportation department did grant Virgin America's request to keep some data confidential. For example, the DOT will not publish figures on aircraft costs or asset depreciation.
iahflyr is offline  
Old 06-30-2008, 04:04 PM
  #2  
Line Holder
 
Joined APC: Jan 2006
Posts: 99
Default

Try this link:

Virgin America’s request was denied (pdf).

Never mind...I'll try posting a link later.
PaintCan is offline  
Old 06-30-2008, 09:00 PM
  #3  
Gets Weekends Off
Thread Starter
 
Joined APC: Jan 2006
Posts: 1,539
Default

While I saw searching to see what their quarterly losses were, I stumbled across a fact that has yet to be published. Apparently VA is reducing seat capacity by 10%, cutting some flights (especially mid-week ones).
iahflyr is offline  
Old 07-08-2008, 10:45 AM
  #4  
On Reserve
 
Joined APC: Apr 2008
Posts: 13
Default

I have interested in that airline...
ONGLIDE is offline  
Old 07-08-2008, 02:58 PM
  #5  
Gets Weekends Off
 
Reggie Dunlop's Avatar
 
Joined APC: Mar 2007
Posts: 148
Default

Originally Posted by iahflyr View Post
While I saw searching to see what their quarterly losses were, I stumbled across a fact that has yet to be published. Apparently VA is reducing seat capacity by 10%, cutting some flights (especially mid-week ones).
Welcome space traveler...
Reggie Dunlop is offline  
Old 07-09-2008, 12:02 AM
  #6  
Gets Weekends Off
 
captjns's Avatar
 
Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,886
Default

Yes... I'm sure that V/A's financials will ensure UAL's ultimate survival.
captjns is offline  
Old 07-09-2008, 07:35 AM
  #7  
Banned
 
spinproof's Avatar
 
Joined APC: Nov 2005
Position: Old Fart
Posts: 74
Default

How will we ever make it without all your well wishes......
TVEyes Media Monitoring Suite - [Transcript]
spinproof is offline  
Old 09-24-2008, 05:59 AM
  #8  
Works harder not smarter
 
Joined APC: Sep 2008
Position: A320 CA
Posts: 142
Default

Originally Posted by Reggie Dunlop View Post
Welcome space traveler...
SLAPSHOT! GREATEST MOVIE OF ALL TIME!
yawdamp is offline  
Old 09-29-2008, 06:58 AM
  #9  
AAmerican Way for AA Pay
 
B757200ER's Avatar
 
Joined APC: Oct 2005
Position: B-737 Pilot
Posts: 1,617
Default

Originally Posted by Reggie Dunlop View Post
Welcome space traveler...
RIP, Coach Dunlop.
B757200ER is offline  
Old 09-29-2008, 11:08 AM
  #10  
Line Holder
 
Joined APC: Sep 2008
Position: DAL "Ultra Extra Super Premium" FO
Posts: 56
Default

True that. Paul Newman was a badass and while staying a very kind man, any way you slice it.

If I had his looks, I'd be neither.

Last edited by Winston Smith; 09-29-2008 at 12:22 PM.
Winston Smith is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
vagabond
Major
66
03-24-2008 02:40 PM
greedyairlineexec
Major
13
01-02-2008 08:15 AM
Sir James
Major
13
05-24-2006 06:16 AM
Gordon C
Major
3
02-17-2006 09:03 AM
Freight Dog
Major
0
07-16-2005 03:40 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices