Originally Posted by
TBM-Legend
With fuel being at a record low, late model aircraft etc why the hell are they not making a bucketload of money? Not good having to run off to the three ugly sisters to borrow cash to stay at the dance! Come on Cinderella>>
They hedged fuel....
And I quote from a news story
"Virgin Australia chairman Elizabeth Bryan says the airline intends to scrutinise the structure of its balance sheet and examine whether it needs to be improved after coming through the bloody capacity war with Qantas.
Ms Bryan, who is a former chairman of oil refiner Caltex, also defended the company’s hedging position, which analysts have suggested prevented Virgin from enjoying the same windfall from the big drop in oil prices as its arch rival, noting “it is not that one way is right and one way is wrong, that some person is smarter and one is more stupid’’.