TeddyKGB

I wouldn't waste your time with shyguy. He was one of the biggest tools to ever wear a 9E uniform.

Sailor

Thanks DL1067, ...-and there is always one of those-..

squaretail

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.

CanoePilot

Virgin America widens 2Q net loss to $31.8 million | ATWOnline

jacjetlag

No offense to people working there....

VA is the People Express of today.

ShyGuy

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.

ShyGuy

Comical. Coming from a guy who's never flown with me.

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.




You're gonna take his word, someone who has never flown at 9E or VX? He's an arrogant tool who has a serious complex now that he's at mainline Delta, as of 9/2010.

globalexpress

Well, actually, they are required to report certain information to the DOT, including some financial information. A few years ago, they tried (unsuccessfully) to get around that requirement, citing that they were a private company. So now we all have press releases to read with some information instead of an actual 10Q.

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.

Bluesky1

People Express is now United Continental. PE Flight Ops Management is running the place (Fred Abbott). Do some research. No dog in the hunt, just felt compelled.

Flyby1206

Ok, VX isnt trying to run anyone out of business and they do have a nice onboard product. So why arent they making any money?

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.