Originally Posted by
T-Vasis
Aurthur - Virgin is cash flow positive. They're not burning through any cash stores. They don't need to. Depending on what they do for the bond that is maturing - they may either refinance it or use cash to fund it, but either way - the busines is generating free cash. They just need to increase that substantially.
T - airline businesses are very good cash cows. Nothing surprising there. Profitability on the other hand......
Lenders don’t lend, lessors don’t lease and shareholders don’t invest on free cash flow. With $1.9 Billion in sustained losses, VA is a poor story.
Ansett actually produced a profit in the last few years, more than I can say for VA