Virgin America a hit, but losing money
10-03-2012 | 12:41 PM
#91
Da Hudge
Joined: Oct 2006
Posts: 17,473
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From: Poodle Whisperer
Says the guy whose company lost a net of 8.4 Billion since 2008.
(Don't get me worng... I think Delta is a strong company, but this is aviation... and Delta did post a huge 2Q loss this year and is at a net loss so far -- yeah, bought a refinery, and while at best guess that's gonna pan out, it's a gamble, just like the rest of this biz).
(Don't get me worng... I think Delta is a strong company, but this is aviation... and Delta did post a huge 2Q loss this year and is at a net loss so far -- yeah, bought a refinery, and while at best guess that's gonna pan out, it's a gamble, just like the rest of this biz).
10-03-2012 | 12:41 PM
#92
Moderator
Joined: Oct 2006
Posts: 13,088
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From: B757/767
Says the guy whose company lost a net of 8.4 Billion since 2008.
(Don't get me worng... I think Delta is a strong company, but this is aviation... and Delta did post a huge 2Q loss this year and is at a net loss so far -- yeah, bought a refinery, and while at best guess that's gonna pan out, it's a gamble, just like the rest of this biz).
(Don't get me worng... I think Delta is a strong company, but this is aviation... and Delta did post a huge 2Q loss this year and is at a net loss so far -- yeah, bought a refinery, and while at best guess that's gonna pan out, it's a gamble, just like the rest of this biz).
10-03-2012 | 12:50 PM
#93
Line Holder
Joined: Sep 2011
Posts: 33
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And Jonhso, I got what your point -- no offense was intended. Just making the point that the top dog in this industry has its ups and downs all the same.
10-03-2012 | 01:09 PM
#94
Moderator
Joined: Oct 2006
Posts: 13,088
Likes: 0
From: B757/767
I don't know if VA will make it or not. Hopefully the halting of deliveries will help turn a profit.
10-03-2012 | 01:34 PM
#95
Banned
Joined: Dec 2005
Posts: 9,347
Likes: 329
Private company, so they report what they want financially. "Other operating expenses" (other than the 8 already listed) and then "other expense, net" are areas where money is written off. For the 2nd quarter, those two total were $45.75 million. I'm sure a large part of that was paying the investors of the airline.
10-03-2012 | 07:19 PM
#97
Gets Weekends Off
Joined: May 2009
Posts: 474
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It will be interesting to see what happens when some decent hiring takes place over the next several months. Will they even be able to keep their pilots? If AMR, UAL/CAL, DAL, US, etc., wanted to shut Virgin down with some targeted hiring, they could if they wanted to be difficult.
10-03-2012 | 07:26 PM
#98
Banned
Joined: Dec 2005
Posts: 9,347
Likes: 329
No official news of the sort. Could be a buddy just blowing smoke. Or VAPA propoganda. How would your buddy know without it being posted anywhere, no email, no forms, nothing.
10-03-2012 | 07:47 PM
#99
I have shiny jet syndrome
Joined: Jan 2008
Posts: 984
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From: ELACS, FACs and SECs. Who doesn't love 'em?
However, I do not believe it's the beginning of the end. I think it's a temporary overstaffing situation that every airline encounters at some point. Offering leaves due to overstaffing does not equate to the beginning of the end. I'm no kool-aid drinker by any stretch of the imagination, but I do think we will be ok company wise. I think they are doing things to strengthen the balance sheet and get this ship sailing in the right direction.
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