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Originally Posted by Sailor
(Post 1266678)
You are right!!. A lot of talk. See ya on the next qtrly report!!
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Originally Posted by Delta1067
(Post 1266768)
I wouldn't waste your time with shyguy. He was one of the biggest tools to over wear a 9E uniform.
Thanks DL1067, ...-and there is always one of those-.. |
Originally Posted by globalexpress
(Post 1266613)
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? |
Virgin America widens 2Q net loss to $31.8 million | ATWOnline
Virgin America (VX) reported a second-quarter net loss of $31.8 million, widened from a $21.7 million loss in the year-ago period. |
No offense to people working there....
VA is the People Express of today. |
Originally Posted by Bucking Bar
(Post 1266751)
Branson's stated goal was to run United and / or Delta out of the Pacific where they compete with Virgin Blue. He made other statements directowards running United (pre merger) out of business.
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Originally Posted by Delta1067
(Post 1266768)
I wouldn't waste your time with shyguy. He was one of the biggest tools to ever wear a 9E uniform.
Nice knowing you, Mr. Sept-2010-DOH-at-Delta-thank-god-a-mesaba-flowthrough-because-otherwise-a-tool-like-you-would-never-have-gotten-hired-off-the-street. I heard your reputation at Mesaba wasn't exactly stellar. Good day.
Originally Posted by Sailor
Thanks DL1067, ...-and there is always one of those-..
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Originally Posted by squaretail
(Post 1266781)
My apologies -- your response wasn't bad, and I posted quickly and sarcastically -- I should have taken more time and re-read your response. Here is what I was getting at, you are reading an unaudited report from a company that is not required to report and that is nearly 90 days old. That cash situation that existed then is irrelevant now. The net loss is cryptic and not explained by the numbers, nor narrative.
If you're arguing that Virgin is putting out press releases that are deliberately incorrect or are misleading because they are "unaudited" (whatever that means) and they are "not required to report" (they are) then I hope no one from the DOT is reading your posts and that's speculation on your part. It's true that Virgin tends to put out their quarterly information much later than the other airlines and the data is old. However, the June 30th "snapshot" provided by their press release is pretty straightforward. In 6 months, they have burned through about half of their unrestricted cash as reported on their 2011 annual report and their latest quarterly filing. They also have a significant net loss for both the quarter and the first 6 months of their calendar year. Obviously the day after the press release is submitted things change, but if you're implying that a 100M net loss for the 1st 6 months of the year is going to be reversed in the last 6 months of this calendar year .......well .......sure- anything's possible. |
Originally Posted by jacjetlag
(Post 1266919)
No offense to people working there....
VA is the People Express of today. |
Originally Posted by ShyGuy
(Post 1266931)
Branson has never stated he wants to run United or any other legacy out of business. United, even pre-merger, was and is a very strong legacy carrier, with a huge international network, diverse fleet. VA cannot run ANYONE out of business, simply based on the size and destinations alone. All VA is set up for is to provide an alternate to the bland flying options available in the US, offering a higher class product. You cannot put a legacy airline out of business like United by starting a domestic A320-only airline that does mostly transcons. From day 1, United has been giving VX the headaches, not the other way around.
And dont try to argue that UAL is beating up VX so badly that they cant survive. Look at NK and their success, despite all the legacy competition. |
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