Originally Posted by
Superman1
Hahah yes I remember all those ‘Roadshows’ with JB… saying it was ‘“”just a tough environment for aviation of late””…..(despite all other airlines booming and the market being the best in years)……. “but don’t you worry we are the best airline around …..look at all these graphs 📈, next year we are going to be so profitable….!!” And all the happy clappers rejoiced!
Think I heard that 5 years in row … he must have thought everyone couldn’t remember the prior years roadshow…each year the graph just got steeper and steeper and more ambitious… and it was always next year things would be better……he truly was a fraud.
I know most of you won’t like this but at least AJ can make the tough decisions, has proven to be a very successful CEO and can actually turn the airline around.
And Brett Godfrey in the early days preceded the Borg when they floated the
VB lemon. It had no assets as all aircraft were leased, except for a couple of ****boxes including CZQ. Virgin hasn’t owned airport terminals or infrastructure at all as far as I’m aware, at least not in the early days. Alan still has some wriggle room with assets he can sell to prop up the balance sheet. Maybe he will keep doing that until the bucket of assets is empty, he has maximised the share price as high as possible, and then he will pull the pin, leaving behind a skinned carcass?