PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 6th Mar 2009, 04:30
  #510 (permalink)  
lowerlobe
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Yes it 'does' matter what other companies are doing
No it doesn't Skystar..it only matters what or how your operation and environment is going....

VB's only real competition is making a profit and that's what really matters...

VB don't even have 20c left per share and if this keeps going the banks and other creditors be asking questions very soon if not already....

biton is right...SIA will be looking at this very closely.The question is if VB is close to going under will the Gov step in with a bail out or let SIA take it over....

I know which one QF would prefer....

The Gov would be reluctant to give a bail out because as with the US once you bail out one company there are literally dozens more knocking on the door asking for the same kind of help...

Personally,I hope VB can trade out of this but it does look grim
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