which of you rocket scientists actually knows what virgins cash position is, whether they have positive cashflow at present, what the break even load factor is for Vaus, what the forward sales are telling management, what effect oil dropping to $40 a barrell has had on the business plan, and then what the combination of all those things have on the Virgin Blue group.
If all you geniuses were running the biggest companies in the world at present, they would all be filing for bankruptcy because the outlook is scary.
It is for this reason you guys fly aeroplanes and don't run companies. If Richard Branson ran and hid every time he faced difficult tiimes, Virgin would still be a record store in a basement in London.
If Vaus is a viable company, there is plenty of money in the wings to fund it for the short term. If it is not, it will be sold or wound up and life will go on. One thing is certain, it will be given a chance. They have come too far to pull the plug just because the financial environment has changed. In fact, high oil prices were a far higher threat than the credit crunch. If oil had continued to climb, i would say Vaus would be dead in the water as we speak.