Virgin Australia. Must have been one helluva Strategy meeting!!!!

[PPRuNeUser0198]

Originally Posted by Ollie Onion

Any airline who couldn't make substantial and sustained profits in the last 3 years is going to be in big trouble over the next 3. Virgin has let the good times go past without filling the financial coffers which may mean tough times ahead.

That's not correct. VA has made great inroads into paying down debt. It used to be over 7x leveraged... That has almost halved. And VA does have $1b in cash and cash equivelents. The good times have allowed VA to both spend and save. It would not be where it is today (as a new airline) if it did not.