Virgin America a hit, but losing money
09-25-2012, 07:43 PM
#61
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Originally Posted by teedog
WOW hey look everyone Virgin lost money in the second quarter $ 4 mill!!!!
Oh sorry thats all they ever do sorry thought this was something new my bad.
how long b4 they shut the doors?
Oh sorry thats all they ever do sorry thought this was something new my bad.
how long b4 they shut the doors?
They have also burned through 80M of the 160M in unrestricted cash they ended 2011 with.
09-25-2012, 08:36 PM
#63
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Originally Posted by squaretail
And that means what?
It means that if you read Virgin's press release, they talk about a small "operational loss." Regrettably for Virgin, they carry a lot of debt. That debt costs money. Hence the comment.
If you want to see how an airline is really doing, you have to look at the net loss/profit, not the operational loss/profit. Virgin has a significant net loss for the quarter they just reported.
Go to the press release section of the Virgin website. It's right there.
09-25-2012, 08:42 PM
#64
Gets Weekends Off
Joined APC: Apr 2010
Posts: 138
Originally Posted by globalexpress
It means that they have burned through half of their available cash in 6 months.
It means that if you read Virgin's press release, they talk about a small "operational loss." Regrettably for Virgin, they carry a lot of debt. That debt costs money. Hence the comment.
If you want to see how an airline is really doing, you have to look at the net loss/profit, not the operational loss/profit. Virgin has a significant net loss for the quarter they just reported.
Go to the press release section of the Virgin website. It's right there.
It means that if you read Virgin's press release, they talk about a small "operational loss." Regrettably for Virgin, they carry a lot of debt. That debt costs money. Hence the comment.
If you want to see how an airline is really doing, you have to look at the net loss/profit, not the operational loss/profit. Virgin has a significant net loss for the quarter they just reported.
Go to the press release section of the Virgin website. It's right there.
I happn to enjoy reading financial analyis by pilots. Now... what did you miss?
09-25-2012, 08:51 PM
#65
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Originally Posted by squaretail
I read the full report.
I happn to enjoy reading financial analyis by pilots. Now... what did you miss?
I happn to enjoy reading financial analyis by pilots. Now... what did you miss?
What did I miss?
09-25-2012, 09:02 PM
#66
Banned
Joined APC: Oct 2008
Posts: 1,857
Originally Posted by globalexpress
It really wasn't a financial analysis. I just looked at the press releases that Virgin put out and used subtraction. Then I looked at the net loss posted and compared it to their revenue and noted a significant loss.
What did I miss?
What did I miss?
The plan now is to slow growth an focus on making a profit. No more deliveries for 12 mo. It's not gonna be easy, but there is always a virgin to be sacrificed...
09-25-2012, 11:00 PM
#67
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,902
Originally Posted by Sailor
No matter how you look at it, how you spin it, VX looses money.
The plan now is to slow growth an focus on making a profit. No more deliveries for 12 mo. It's not gonna be easy, but there is always a virgin to be sacrificed...
The plan now is to slow growth an focus on making a profit. No more deliveries for 12 mo. It's not gonna be easy, but there is always a virgin to be sacrificed...
"Always a virgin to be sacrificed"........ lotta talk coming from a guy at Spirit.
09-25-2012, 11:03 PM
#68
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,902
Originally Posted by Bucking Bar
I'm sure Virgin US does have the best service. In fact, their results might be better if they just mailed every customer a crisp $100 bill and said "thanks for flying United." It isn't hard to be popular when your charging nothing for an expensive product.
Making a profit is an entirely different thing.
What Virgin was set up to do, failed. Virgin was unable to drive United out of operation. Eating United is a cost prohibitive big bite that Virgin can't chew...Great airline, I guess. But it is economic nonsense. The surprise is that it has been around this long.
+1 Bar, but it's AA, not United that's the target.
Remember Branson and BA are pretty much sworn enemies, the immunized transatlantic BA AA alliance is his Perl Harbor...
Virgin Australia puts pressure on Qantas
Virgin America puts pressure on AA
Here's some not so subtle writing on a Vigin Atlantic jet tying it all together (Virgin Australia was formerly known as Virgin Blue)
I'm sure Virgin US does have the best service. In fact, their results might be better if they just mailed every customer a crisp $100 bill and said "thanks for flying United." It isn't hard to be popular when your charging nothing for an expensive product.
Making a profit is an entirely different thing.
What Virgin was set up to do, failed. Virgin was unable to drive United out of operation. Eating United is a cost prohibitive big bite that Virgin can't chew...Great airline, I guess. But it is economic nonsense. The surprise is that it has been around this long.
+1 Bar, but it's AA, not United that's the target.
Remember Branson and BA are pretty much sworn enemies, the immunized transatlantic BA AA alliance is his Perl Harbor...
Virgin Australia puts pressure on Qantas
Virgin America puts pressure on AA
Here's some not so subtle writing on a Vigin Atlantic jet tying it all together (Virgin Australia was formerly known as Virgin Blue)
Wow, I'll take a hit of whatever you're smoking............
09-26-2012, 04:38 AM
#69
Banned
Joined APC: Oct 2008
Posts: 1,857
Originally Posted by ShyGuy
One delivery scheduled for March 2013. The next one after that is in September which starts deliveries of that new order from 2011.
"Always a virgin to be sacrificed"........ lotta talk coming from a guy at Spirit.
"Always a virgin to be sacrificed"........ lotta talk coming from a guy at Spirit.
09-26-2012, 06:50 AM
#70
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,999
Originally Posted by ShyGuy
Are you serious? VA run United or American out of business? You think that's what VA was set up for? With 52 airplanes, A320s at that? With sole domestic services and three Mexican cities, just 19 destinations. And you took all that to mean that VA's "goal that they set out was to put United out of business."
Wow, I'll take a hit of whatever you're smoking............
Wow, I'll take a hit of whatever you're smoking............
Last edited by Bucking Bar; 09-26-2012 at 07:04 AM.
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