Originally Posted by
PoppaJo
Virgin is essentially just in caretaker mode at the moment, you need to wait until the pump n dump is over, everyone to ‘move on’, then worry about what the next lot will do. Whatever happens, the cost base will increase.
Will they just walk in keep Virgin what it should be? 100-120 737s. No, they will introduce the widebody fantasy again, fight the roo again, cost base creeps, newly minted executives trying to prove a point, and the whole place is up the ****ter again.
Forget the long term. Keep an eye on the medium term. All the good folks on the front line want is some stability (and a competitive
salary too).
If the 'usual suspects' of SQ, one of the middle eastern carriers (QR or EY) and so on get in with a stake again, it will be a 'history repeating' moment considering SQ and EY's very dismal track record at overseas investments. Another contender in NZ would not want to get involved again for a long time (if at all) after the AN and VA 1.0 (JB vs Luxon) fiascos.
Originally Posted by
tossbag
Everything I've read about the virgin triple operation was that it was the only part of virgin flight ops that was making a profit?
LAX was reported to be their 'only' long haul destination making revenue. No use keeping the 777 (even if they ended up mortgaged/borrowed against at the time VA 1.0 filed voluntary administration) if the other long haul destinations i.e HKG, AUH, et al even with former owners support in HNA, EY et al were bleeding red ink/losing money on a weekly basis.