Originally Posted by
Mr Google Head
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
Um. A little event called "9/11" which pushed them over the edge...