Originally Posted by
PoppaJo
VA are holding firm on their guidance given recently. PS was out today with media, and his right, his airline is predominantly domestic. His not seeing such large scale reductions yet on the domestic front. The $75m maximum impact still stands. This is predominantly Chinese domestic related, and what small international network they have related.
Alan has briefed the asx on his reductions. BUT He has not given an update on any financial figure yet. 100m? 200m? 300m?
True, but standby for the domestic contagion. ANZ bans on domestic travel announced today, expect the other banks to follow.
This will be survival of the fittest, and with $5B plus debt to only $650m equity, VA ain’t looking like Michelle Bridges.