UK Media is splashing big tonight on Virgin being bankrupt, with a small print caveat. With their core US market closed from April and no sign of the US opening up meaningfully for the forseeable future and with no summer to bank and the toughest trading winter on the North Atlantic in living memory approaching..... Even the mighty IAG are burning cash at a now alarming rate and with a B787 and A350 fleet to keep paying leases on, any restructuring will have to be extensive. There’s 3 new A350s at Toulouse for VS that they now have no need for at all.
Last edited by Skipness One Foxtrot; 4th Aug 2020 at 23:55.