VA pilots worried about employment 2021
Virgin Australia isn't going anywhere. They're cashflow positive. They can service their debts. Cashflow is more important than profit. They're both important - but cashflow rules. They have free cash. So they're not going anywhere. They're holding back capital spend and 'clearing the decks'. They're making a number of strategic decisions that will reshape the carrier - and the carrier will be a different one within the next 12 months - but it will still be here none-the-less. It will be fine. The market can support both.
But... there may be less demand for pilots with any fleet adjustments they make.
EBIT is stil trending in the right direction...
But... there may be less demand for pilots with any fleet adjustments they make.
EBIT is stil trending in the right direction...
An article from yesteryear to make your blood boil about the muppet who “transformed” it all...
https://www.news.com.au/finance/busi...13fddb1e8a770a
https://www.news.com.au/finance/busi...13fddb1e8a770a
“I’d like to be remembered as someone who really tried hard,” said Borghetti in an exclusive interview on board Virgin’s brand new $221 million A330.
“If you’ve done the best you can and failed, I’d rather do that than be someone who succeeded and didn’t do their best.
“I always say to my management team you never want to die wondering and we all make mistakes. I make them every day.”
“If you’ve done the best you can and failed, I’d rather do that than be someone who succeeded and didn’t do their best.
“I always say to my management team you never want to die wondering and we all make mistakes. I make them every day.”
Evertonian
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Reading the financial results wouldn't suggest all doom and gloom.
https://www.asx.com.au/asx/statistic...me=D&period=M6
https://www.asx.com.au/asx/statistic...me=D&period=M6
Godfrey, Borghetti, Scurrah - wow, all they have achieved in 20 years is a big fat salary and bonuses for themselves while the airline STILL continues to lose money.
A share high of $2.27 on Feb 23, 2007 down to $0.12 on Feb 26 2020. Yep, what an amazingly lame effort by the overpaid trough swillers. A vote of no confidence in the executive and the pathetic Board should be considered.
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Hey come join the redundancy club guys.... life's a beach in Tigerair!
Scurrah sure knows how to run the meat grinder, now just gotta see if he realises he's running an airline!
To late to call pilots back for a job when you need to expand again.... douche
Scurrah sure knows how to run the meat grinder, now just gotta see if he realises he's running an airline!
To late to call pilots back for a job when you need to expand again.... douche
A330 crew won’t be too far behind 🤔😬
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Are the still persisting with the ATR experiment? Surely that operation is loosing a lot of cash. Or they will have 5 TT 737 and 5 ATRs that’s even a bigger mess I would think.
Last edited by Ragnor; 26th Feb 2020 at 03:01.
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Time to wield a broom
Keep the pilots. Get rid of those titled ‘specialists’, useless surplus management, legacy managers/supervisors who have sucked oxygen for the past 20 years, useless HR, trainers and finance clowns, marketing idiots and especially the majority of the outdated useless safety staff who have done nothing for years.
Fuhrer Scurrah could use this as an opportunity to simply get rid of the crap....finally.
Fuhrer Scurrah could use this as an opportunity to simply get rid of the crap....finally.
Don"t be too sure it will be the 2nd officers walking the plank. The company interpretation could well be fleet specific. When the 330s go, so will the crews if they can't get a spot in the other fleets. They will argue in court that the cost of all the training involved would be too much for the wreck to sustain. I am sure the unions have got it all under control......