PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 2nd Oct 2008, 10:05
  #325 (permalink)  
ANstar
 
Join Date: Jan 2006
Location: Sydney
Posts: 191
Likes: 0
Received 0 Likes on 0 Posts
Despite the doomsday posts, DJ are actually in a much better position than a lot of other airlines out there.

Any carrier that needs to refinance debt or get a loan will struggle with the credit crunch. DJ still have a good cash flow and cash balance. They stated in the annual report they have no need for any further borrowings.

They are also operating in a less competitve market than Europe, USA etc.
ANstar is offline