Originally Posted by
AerialPerspective
Qantas cash in the bank - between $3-4 billion (which it owns).
Virgin - $1 billion, all borrowed from it's corporate owners.
You can't quote a share price difference based on the last few days and use it as an argument. Qantas shares are far more robust than VAH. One is still worth between $3-4 and the other is worth 5c on current trading, it was over 70c ten years ago and more than $2 at one stage. The coronavirus will pass and Qantas will recover, VAH probably will not as it has very few, if any, levers that it can pull.
i guess my sarcasm was lost on you AP. That was my point exactly.
the misinformation on this thread is astounding and it is pretty disappointing to read comments from posters who would like to see VA fail. Your cash facts are misleading also. Cash in bank is cash in bank. It doesnt matter where it originated from. VA has about $1 billion, QF has about $1.7 billion. Yes QF also has assets they can sell but that is different to cash in bank...