Thread: Virgin Atlantic
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Old 24th Apr 2020, 18:57
  #315 (permalink)  
xray one
Join Date: Mar 2007
Location: in my own world
Posts: 134
MDS has posted more poorly researched bollox

If they were losing money hand over fist without the pandemic, a loan certainly won't change a thing.
The last financial report gave a loss of 26 Million on a 2.8 Billion turnover, hardly 'losing money hand over fist'. One of the main reasons for this was the ongoing problem with the RR engine on the 789. At times we would be down to 4 grounded out of a fleet of 17. This was a problem not of Virgin's making. We needed to retain fuel thirsty A346s and buy 4 A332s to make up the shortfall.

'lies, damn lies and statistics'

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