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Thread: Virgin share price drops 17 percent
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Old 17th May 2013, 06:00
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KRUSTY 34
 
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,303
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I agree Ernie'.


What I have trouble getting my head around (and have for some time).....
  • Loan to SkyWest: $100 mil
  • Acquisition of SkyWest: Another $100 mil
  • Total cost of the ATR operation (35 aircraft): $500 mil+
  • Total cost to expand TT and to bring them to profitability (additional 19 aircraft): $1Bil?
Happy to be corrected on my beer coaster figures, but I think it's safe to say we're looking at serious dollars!

I feel the move to a full service airline was both inevitable and required. My greatest fear is that combined with all the other stuff, it may be a case of a "Bridge too far".
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