Originally Posted by
Arthur D
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
why haven’t virgin just closed up then if Ansett made a profit before they collapsed? On the logic being put forward here? Surely a company not profiting can’t continue??? (This is sarcasm for anyone playing at home)
Companies don’t shut up shop when they’re not ‘profiting’ as murky as that word is these days.
they close up when they can’t pay the interest and wages and costs. With 1.74B cash and 6B revenue people think a loan extension is going to be the death of the company. Lol