Originally Posted by
Foxxster
you would have to be out of your mind to buy VA stock now. Well I will caveat that by saying if you want to treat it like a hand of poker at the casino then go ahead.
negative book value ...massive debt, unsustainable debt . Corporate bonds nobody wants ..
https://www.marketscreener.com/VIRGI...65/financials/
and that is before the effects of the virus which nobody knows how bad will be. But it will be bad and any bad is not something a struggling airline needs. It finally killed Flybe and it will kill more airlines.
HNA Group citing liquidation fears, Etihad posting another huge loss and this was before their massive route cutback and Covid-19 outbreak. I hope Virgin Australia can make it through as there are some great buggers working there.