It's all well and good being sentimental about VA, but if the airline isn't profitable then why would the taxpayer (or commercial entity) give them a loan?
If they were losing money hand over fist without the pandemic, a loan certainly won't change a thing.
PS. I believe competition is a great thing, but as with all business, viability = profitability.
I know it’s a small detail but Virgin Atlantic is VS not VA. The rest makes sense.