VA pilots worried about employment 2021
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VA obviously planned on both routes being serviced hence the extra crew. Now that the Hong Kong flights have been cancelled, the extra crew are surplus to requirements. Hence discussion of taking annual leave, long service leave and LWOP. It's probably a prudent approach over the short term as the medium to long term options are not that great if the virus fears continue and new routes for the 330 are not found. The 330 crews have an added dilemma of recently being covered by the wide body EBA which means they have limited options of being assimilated back into the B737 ranks as the narrow body EBA protects existing narrow body pilots from being displaced from existing roles.
Also, VA may be expecting the new Haneda service to be adversely impacted by the virus as well.
Also, VA may be expecting the new Haneda service to be adversely impacted by the virus as well.
Not even SQ wants to touch VA those days. They've been on record previously that they were not happy with their VA stake for some time after having to report VA's losses in the SIA group's own financial reports.
I would not be surprised if SQ are looking at selling out themselves. There's a better chance of outsiders such as DL, NH or TK taking a stake over the "so-called saviour" SQ, which are just as responsible as EY and HNA for VA's financial messes over the years.
I would not be surprised if SQ are looking at selling out themselves. There's a better chance of outsiders such as DL, NH or TK taking a stake over the "so-called saviour" SQ, which are just as responsible as EY and HNA for VA's financial messes over the years.
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77W to Haneda? Add one more to the fleet? The next round of MAX delay negotiations could include a discounted Triple. Delivery times are fairly minimal currently, and essentially guarantees Boeing the next wide body order due late this decade, if they phase out the 330
Etihad could offload one. USA does well so they wouldn't want to pull back anymore to cede any share.
The triple fleet can ride out this decade.
737/777/ATR would tick that fleet simplification box. It also enables them from next decade to be MAX8, MAX10, 777-8, ATR without much fanfare.
Can you park 330's in Nelson?
Etihad could offload one. USA does well so they wouldn't want to pull back anymore to cede any share.
The triple fleet can ride out this decade.
737/777/ATR would tick that fleet simplification box. It also enables them from next decade to be MAX8, MAX10, 777-8, ATR without much fanfare.
Can you park 330's in Nelson?
Last edited by wheels_down; 11th Feb 2020 at 03:45.
*There is a clause in narrow body EBA about position protection. Although the company will just waive that, like they usually do when it is not working in their favour.
737 fleet is not exactly flush with drivers. I am sure a large number could come back. The training costs and time to train would be a big issue. I think a lot of rumours and lack of definitive information from management is not helping. In fact management are probably scratching their head at the whole thing.
*There is a clause in narrow body EBA about position protection. Although the company will just waive that, like they usually do when it is not working in their favour.
*There is a clause in narrow body EBA about position protection. Although the company will just waive that, like they usually do when it is not working in their favour.
Highly unlikely I would say.
Be interesting when VA get their Max’s, (which is a fair assumption given the max sim is on the way).... how will public perception impact on onwards bookings?
Joe six pack seems to believe what mainstream media peddle...... perception is everything...... not sure how well that is going to go down
Joe six pack seems to believe what mainstream media peddle...... perception is everything...... not sure how well that is going to go down
Net profit has its merits - it is a powerful measure for thinking about how shareholders have been doing - but it has its problems. First, it treats cash and noncash expenses symmetrically. Second, net profit also subtracts interest payments, which make it hard to compare companies that finance themselves in different ways even though their operations could be quite similar. Finally, and most importantly - many managerial decisions are involved in calculating profit. Accounting asks managers to make decisions in order to smooth returns, as accountants consider that to be more consistent with reality. This allows managers to manipulate profits to their advantage. In contrast, cash is cash, and arguably, is not susceptible to similar managerial discretion.
Amazon is a good example. In 2014 their net profit was negative $241m. EBIT was $178m. $419m was tax, interest and currency adjustments. EBITDA was $4.9b. $4.7b was depreciation and amortization. Amazon generated a lot of cash but had losses according to profitability measures.
Cash is a better measure of economic returns relative to profits. The emphasis on cash can explain why companies that generate profits but no cash, might be unsustainable and why companies that generate no profits but lots of cash might be valuable. Second - cash that is earned today is more valuable than cash earned tomorrow because of the opportunity cost of capital. Ignoring the opportunity cost can lead to value destruction or value transfers. All value comes from future cash flows and making positive net present value decisions is the hallmark of a good steward of capital and manager.
Amazon is a good example. In 2014 their net profit was negative $241m. EBIT was $178m. $419m was tax, interest and currency adjustments. EBITDA was $4.9b. $4.7b was depreciation and amortization. Amazon generated a lot of cash but had losses according to profitability measures.
Cash is a better measure of economic returns relative to profits. The emphasis on cash can explain why companies that generate profits but no cash, might be unsustainable and why companies that generate no profits but lots of cash might be valuable. Second - cash that is earned today is more valuable than cash earned tomorrow because of the opportunity cost of capital. Ignoring the opportunity cost can lead to value destruction or value transfers. All value comes from future cash flows and making positive net present value decisions is the hallmark of a good steward of capital and manager.
Virgin Australia shares (VAH) on the ASX closed down 10.34% today. The lowest price on record. The market depth shows little interest in VAH with the number for sale vastly outnumbering the number to buy.
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The downhill slide
A330 crew being asked to use up leave and potentially go on LWOP. Seems a bit extreme so early after giving up HK when Japan starts soon.
I just don’t understand why they don’t just put the things back on Domestic where they originally started, and send the corresponding 737s to the Pussycat.
Poor old Tiger, after all these years nobody still gives two ****s about it. I reckon if VA was given free Tiger painted 737s from Boeing for Christmas they still wouldn’t send them to Tiger.
There is more chance of Virgin leasing 737s to Qantas then going to Tiger!
Poor old Tiger, after all these years nobody still gives two ****s about it. I reckon if VA was given free Tiger painted 737s from Boeing for Christmas they still wouldn’t send them to Tiger.
There is more chance of Virgin leasing 737s to Qantas then going to Tiger!
Still, 2 sectors down MEL/SYD-HKG.
Just feels like the typical knee jerk reaction that has plagued Virgin since its inception, bolstered by Scurrah's big stick approach to trying to contain money being spent.
