PPRuNe Forums - View Single Post - Virgin Australia faces financial crush.
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Old 2nd Nov 2016, 06:09
  #18 (permalink)  
B772
 
Join Date: Aug 2000
Location: International
Age: 76
Posts: 1,395
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zim2uk

What evidence do you have that the company that published the article has been found to be a fake. Have you called their number or visited them at Level 10/20 Martin Place Sydney. I notice their email server is in San Francisco but that is not unusual

BTW here is today's report.

https://australinea.com/austraday-re...november-2016/

I agree with Icarus2001 and removing access to Air New Zealand lounges and charging for spirits at the replacement lounges shows how desperate things are becoming.

Virgin Australia (VAH) are walking a financial tightrope.
Operating margin is 9.9% (QF is 19.8%)
Return on capital is 11% (QF is 19%)
Return on equity is 22.8% (QF is 39.3%)
Last financial year VAH lost an average of $5,000,000 per week. QF made an average profit of $19,800,000 per week.
VAH being the underdog has enjoyed the support of the financial community who want them to succeed. VAH were built on a poor financial foundation.
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