THey did not make money, they lost 12 million, 3 times last years loss. They achieved an operating profit, but not a profit.

Virgin America Cuts Airbus Order, Delays 30 Jets - Bloomberg

It's too bad...They are a great airline and a pleasure to fly. I remember 2 years ago I wanted to get in very badly just to be apart of something new and stay with them forever. Needless to say I have changed my mind. There is no way I would relocate for them for fear of my losing my job. I personally am worried for them.

I agree it's a good airline - they just can't charge enough to cover expenses. Which, unfortunately, doesn't work in a business.

There, that's more like it.

What do they have? $82M unrestricted cash on hand? Looks like Virgin will need ANOTHER large cash infusion to make it through the winter. But, I guess if you're Richard Branson, $1B here and there is chicken feed.

Must be nice to work for an airline with a Sugar Daddy with deep pockets. The rest of us have to make a profit to stay in business.

It's all relative, eventually 1B here 1B there it becomes the last Billion, and the chicken feed becomes the world hunger feed, unsustainable.

I remember a few years ago, a Netjets pilot told me that Warren Buffett doesn't mind operating Netjets at a loss since it's a tax write-off. That couldn't be more further from the truth. In the end, Netjets laid off a third of their force. Virgin Atlantic will not be around long term losing money.

and Shy Guy chimes in in 3,,,2,,,,1......

Just a correction...........It was roughly 16% layed off... About 3100 pilots prior and 495 layed off.. Roughly 2570 still employed....