PPRuNe Forums - View Single Post - Virgin Australia : 315 Million Loss - How long can they survive?
Old 16th Sep 2019, 06:13
  #260 (permalink)  
wheels_down
 
Join Date: Apr 2010
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The affinity thing was all just like one of those pay day loans. They needed the cash to pay bonds, and are now paying it back at what 50% interest.

Its like maxing out out all off your credit cards and bank account with a bill due before the next pay check.

Was an act of desperation. Cost them 350 million.
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