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Virgin Australia : 315 Million Loss - How long can they survive?

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Virgin Australia : 315 Million Loss - How long can they survive?

Old 29th Aug 2019, 07:01
  #81 (permalink)  
 
Join Date: Sep 2018
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Personally (and that's all this is) I reckon Virgin should roll TT into the one company (no more TT) & operate the whole fleet efficiently with less human 'boat anchors' in the system!
They can never match QF/JokeStar so why try? Best to give the public the option of basic service right thru to first/business class across the whole network under one umbrella, one name, well most of it.
When I have to fly Airlines (mostly fly my own plane where I can as I hate Airline paxing) I shop around like most of the population does, I want choice from the one booking site, that's what the general public want.
Remember the day when flying was beyond the working class public? Well when the LCC's entered the market people couldn't get enough of the cheap flights, they would sit on a wood splintered fruit crate if they could get it cheaper...…………...advance a few years & we have competition meaning those people who where once willing to sit on that wooden fruit box now expect full service, reliability & choice, there in lies the problem, the Airlines have made a rod for their own back!
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Old 29th Aug 2019, 07:29
  #82 (permalink)  
 
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Will MM survive the chop ?
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Old 29th Aug 2019, 07:40
  #83 (permalink)  
-41
 
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Originally Posted by Snakecharma View Post
Do you have a link to suggest that it isn’t?

definitely not, just curious to see the financial reporting showing 777 makes a profit or loss.
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Old 29th Aug 2019, 07:41
  #84 (permalink)  
 
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Originally Posted by B772 View Post
Will MM survive the chop ?
My understanding from the documents listed with the ASX is that MM will not be staying with the company as her position was removed by design. She will stay for a little while, whilst the new structure is implemented.
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Old 29th Aug 2019, 07:43
  #85 (permalink)  
 
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So are any domestic services likely to be cut? Or do they all make money?
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Old 29th Aug 2019, 07:45
  #86 (permalink)  

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Originally Posted by B772 View Post
Will MM survive the chop ?
Already gone, in a teary farewell too.
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Old 29th Aug 2019, 07:47
  #87 (permalink)  
 
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Originally Posted by cooperplace View Post
So are any domestic services likely to be cut? Or do they all make money?
It is likely some routes will either be cut or moved between VA and TT. Obviously we don't know what routes make what but regional routes are probably most likely to come under pressure. There is also the possibility of using Alliance for more of the marginal regional routes.
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Old 29th Aug 2019, 07:50
  #88 (permalink)  

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VA should go back to DJ. Pretty much what Machtuk said.

They established themselves in a LCC type role, and then got handed a nice wedge of the market after AN's collapse. Delusions of grandeur meant they felt they could step up & compete with QF, but their brand & market was already established. Go back to competing with Jetstar & when the bottom line looks better, perhaps look at re-entering the premium market in conjunction with a cashed up partner.

My 2c. (which is frighteningly close to their share price atm)
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Old 29th Aug 2019, 08:05
  #89 (permalink)  
 
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Originally Posted by -41 View Post
about a million per week - 47.4 million just in lease fees excluding other ancillary costs
I bet the lessors are laughing all the way to the bank. Why not bring the Ejets back in some capacity and have either VARA or Tiger operate them, or even Cobham since they already have the pilots. That makes more sense than wet leasing Alliance's fokkers to do their thin regional routes.
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Old 29th Aug 2019, 08:22
  #90 (permalink)  
 
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Originally Posted by Buster Hyman View Post
Already gone, in a teary farewell too.
Seriously!!!
The news just keeps getting better and better!
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Old 29th Aug 2019, 08:42
  #91 (permalink)  
 
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It will be a teary farewell when go Gibbs!
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Old 29th Aug 2019, 08:49
  #92 (permalink)  
 
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Originally Posted by G.A. Boy View Post
It will be a teary farewell when go Gibbs!
I doubt that very much!
I’m sure they’ll all be having cake in the village that day!
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Old 29th Aug 2019, 08:57
  #93 (permalink)  
 
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It has just been brought to my attention Paul Scurrah and Merren McArthur knew each other from Queensland Rail during the period 2010 - 2011. Merren may not have been up to the task required !
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Old 29th Aug 2019, 09:56
  #94 (permalink)  
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I don't wish to add to the commentary here about what VA should or shouldn't be doing to return themselves to profitability..... it's not my area of expertise.

I do however, know a lot of good guys and girls who work there and it never a nice thing to go through. Amid all the negativity and bullish!t you must be hearing right now, I hope things settle down and sanity is restored.
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Old 29th Aug 2019, 12:29
  #95 (permalink)  
 
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https://www.escape.com.au/travel-adv...1570540dfaad6c

MM reveals her best packing tips - looks like she'll have to use them.
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Old 29th Aug 2019, 12:51
  #96 (permalink)  

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Originally Posted by B772 View Post
It has just been brought to my attention Paul Scurrah and Merren McArthur knew each other from Queensland Rail during the period 2010 - 2011. Merren may not have been up to the task required !
You think she was rail roaded....
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Old 29th Aug 2019, 13:06
  #97 (permalink)  
 
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Originally Posted by Buster Hyman View Post
You think she was rail roaded....
I see what you did there......
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Old 29th Aug 2019, 13:24
  #98 (permalink)  
 
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Hah, tell me about it. Telling them to stick their offer up their ass was a fabulous experience. Having interviewed for and been accepted by every major in the country, that lot were by far the worst to deal with during the interview process.
What a load of garbage. Accepted by them all eh? Must have been that PMI exam that got you in eh?

If that's how you rejected a job offer I'd reckon they're pretty happy you didn't accept. Clown.
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Old 29th Aug 2019, 15:57
  #99 (permalink)  
 
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Originally Posted by The name is Porter View Post
What a load of garbage. Accepted by them all eh? Must have been that PMI exam that got you in eh?

If that's how you rejected a job offer I'd reckon they're pretty happy you didn't accept. Clown.
Aw, I've got a new pet. He's gonna follow me everywhere. How cute.

I'm pretty sure VA is busy worrying about the catastrophic performance of their business, rather than the many candidates who decided to go elsewhere after dealing with the appalling recruitment process.
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Old 29th Aug 2019, 16:05
  #100 (permalink)  
 
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Originally Posted by havick View Post


haha I hope you’re joking. You do realize that virgin Australia is smaller than most regionals in the USA? Any US carrier would have zero interested in a failing business.
Well, yes. It was largely tongue-in-cheek... but DL if they ever were interested could certainly do better than the mishmash of airline owners faffing about that have had not far off a decade to sort it out.
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