Virgin America a hit, but losing money
09-25-2012 | 07:43 PM
#61
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They have also burned through 80M of the 160M in unrestricted cash they ended 2011 with.
09-25-2012 | 08:02 PM
#62
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09-25-2012 | 08:36 PM
#63
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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.
09-25-2012 | 08:42 PM
#64
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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
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What did I miss?
09-25-2012 | 09:02 PM
#66
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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
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"Always a virgin to be sacrificed"........ lotta talk coming from a guy at Spirit.
09-25-2012 | 11:03 PM
#68
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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
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You are right!!. A lot of talk. See ya on the next qtrly report!!
09-26-2012 | 06:50 AM
#70
Can't abide NAI
Joined: Jun 2007
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
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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