VA pilots worried about employment 2021
Evertonian
Join Date: Apr 2010
Location: Asia
Posts: 1,030
Likes: 0
Received 0 Likes
on
0 Posts
There isn’t a major drop of in traffic on Dom yet. Still fairly busy.
Lets not not get too carried away spreading VA fear. Your making it sound like flights are bare empty around the traps.
Next couple of days still pretty busy.
Lets not not get too carried away spreading VA fear. Your making it sound like flights are bare empty around the traps.
Next couple of days still pretty busy.
Join Date: Apr 2009
Location: SYD
Posts: 54
Likes: 0
Received 0 Likes
on
0 Posts
I wouldn't call it VA fear but have a look at the VAH half year report from last month and tell me why you shouldn't be concerned.
- Cash and cash equivalents dropped from $1.7b to $1.1b in 6 months to 31 December. What level do you reckon cash is at now? Maybe $1b at best? Maybe $900m?
- VAH operating expenditure is about on par with operating revenue for the 6 months to 31 December - both at around $3.1b for the period.(source: page 7 of half year report).
- If you assume a 30% reduction in revenue to about $2.1b for the next 6 months, which is by no means out of the questions with these travel restrictions, corporate travel bans and a reduction in discretionary leisure travel, then VAH essentially runs out of cash in 5-6 months.
Not saying I'm definitely right, but this doesn't seem far fetched in my opinion.
- Cash and cash equivalents dropped from $1.7b to $1.1b in 6 months to 31 December. What level do you reckon cash is at now? Maybe $1b at best? Maybe $900m?
- VAH operating expenditure is about on par with operating revenue for the 6 months to 31 December - both at around $3.1b for the period.(source: page 7 of half year report).
- If you assume a 30% reduction in revenue to about $2.1b for the next 6 months, which is by no means out of the questions with these travel restrictions, corporate travel bans and a reduction in discretionary leisure travel, then VAH essentially runs out of cash in 5-6 months.
Not saying I'm definitely right, but this doesn't seem far fetched in my opinion.
Join Date: Nov 2005
Location: BRISBANE
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
it’s like sharks to blood, how about you all settle the f$&ck down, every industry is in the same boat not just the self centred ‘what about me’ airline industry. Airlines come and go, invoking panic is how this sh$t and every other world disaster is fueled.
Join Date: Apr 2010
Location: Asia
Posts: 1,030
Likes: 0
Received 0 Likes
on
0 Posts
I wouldn't call it VA fear but have a look at the VAH half year report from last month and tell me why you shouldn't be concerned.
- Cash and cash equivalents dropped from $1.7b to $1.1b in 6 months to 31 December. What level do you reckon cash is at now? Maybe $1b at best? Maybe $900m?
- VAH operating expenditure is about on par with operating revenue for the 6 months to 31 December - both at around $3.1b for the period.(source: page 7 of half year report).
- If you assume a 30% reduction in revenue to about $2.1b for the next 6 months, which is by no means out of the questions with these travel restrictions, corporate travel bans and a reduction in discretionary leisure travel, then VAH essentially runs out of cash in 5-6 months.
Not saying I'm definitely right, but this doesn't seem far fetched in my opinion.
- Cash and cash equivalents dropped from $1.7b to $1.1b in 6 months to 31 December. What level do you reckon cash is at now? Maybe $1b at best? Maybe $900m?
- VAH operating expenditure is about on par with operating revenue for the 6 months to 31 December - both at around $3.1b for the period.(source: page 7 of half year report).
- If you assume a 30% reduction in revenue to about $2.1b for the next 6 months, which is by no means out of the questions with these travel restrictions, corporate travel bans and a reduction in discretionary leisure travel, then VAH essentially runs out of cash in 5-6 months.
Not saying I'm definitely right, but this doesn't seem far fetched in my opinion.
So they have a billion bucks to play with for the foreseeable future. They are not going to blow a billion in the next half!
Just be mindful there is quite a bit of redundancy and transformation expenses in the last half. Also new contracts with airports and fuel suppliers.
They have already stated a 75m impact for the second half. I think that number could be doubled as a minimum. I think a conservative figure for H2 would be -250m considering we are nearly in the last quarter.
They will also gain a 70-100m Velocity Earnings for this half, and 100m in Employee Costs and Contracts gain from July.
Advice from modelling shows mid to late September rebound.
Advice from modelling shows mid to late September rebound
And you would be dreaming if you think that Qantas and Jetstar are not having discussions about stand downs in the near future. Virgin and Tiger are in the same boat with the big difference being the capacity to trade in such a depressed market..
Very uncertain times.....
Last edited by Denied Justice; 16th Mar 2020 at 12:12. Reason: text
And just who gave that advice - and I don't care which company they came from???? - Who can seriously predict what will happen with this scenario of COVID-19.
And you would be dreaming if you think that Qantas and Jetstar are not having discussions about stand downs in the near future. Virgin and Tiger are in the same boat with the big difference being the capacity to trade in such a depressed market..
Very uncertain times.....
And you would be dreaming if you think that Qantas and Jetstar are not having discussions about stand downs in the near future. Virgin and Tiger are in the same boat with the big difference being the capacity to trade in such a depressed market..
Very uncertain times.....
Virgin expected to announce today as well.
and when they close schools, shops etc and then lock people in.. basically a complete grounding.
and this will be for at least several months, probably 6.
This will be the picture worldwide for the airline industry.
.
VAHHA have dropped a further 26.69% today to $35.00. If you think VA will prosper between now and 26/11/24 buy VAHHA at $35. You may receive 24% per annum plus receive $100 on 26/11/24. Personally; I think they may drop off the radar unless Richard Branson pumps some of his fortune into VAH. He is cashed up after the sale of Virgin America.
.
.
Last edited by B772; 17th Mar 2020 at 01:18.
have a look at the Qantas grounding A380 thread. Qantas just announcing 80% reduction.
Virgin expected to announce today as well.
and when they close schools, shops etc and then lock people in.. basically a complete grounding.
and this will be for at least several months, probably 6.
This will be the picture worldwide for the airline industry.
.
Virgin expected to announce today as well.
and when they close schools, shops etc and then lock people in.. basically a complete grounding.
and this will be for at least several months, probably 6.
This will be the picture worldwide for the airline industry.
.
6 months!!! You're exaggerating beyond all reasonable possibilities. Besides, in 2 months they will be pretty close to a vaccine, as great strides have been made already, talk about over-the-top.
The 6 months is concurrent with the end of our traditional flu season which is what health planners are using as their baseline.
Not sure what is being advised down under but here in the US the CDC advise a vaccine will be 8-12 months away and deployable in 12-18 months.
This is not going away soon.
The impact to the airline industry will be huge.
Get the resumes ready? No point. Better off learning how to grow vegetables.
This is not going away soon.
The impact to the airline industry will be huge.
Get the resumes ready? No point. Better off learning how to grow vegetables.
Join Date: Oct 2013
Location: New Zealand
Age: 71
Posts: 1,475
Likes: 0
Received 0 Likes
on
0 Posts
S&P Virgin Australia downgrade
S&P have downgraded Virgin's credit rating from a B to B-. S&P Global Ratings agency expects the downturn in international travel as a result of Covid-19 will "likely spread more deeply into Australia's domestic market", Virgin's predominate market. S&P says Virgin's efforts to reduce capacity, exit loss-making routes and accelerate cost reduction initiatives are unlikely to fully cover the cost of lower travel demand.
Virgin's large cash reserves and investments, worth about $900m, will provide a temporary buffer to the crisis, but S&P acknowledges the company's future stability may rely on it cutting more costs if this crisis continues beyond the next few months. The company's operating environment may be deteriorating at a faster pace than Virgin Australia can implement initiatives to protect cash generation and balance sheet health, S&P said of Virgin.
S&P said it was less likely Virgin would receive extraordinary support from its shareholder airlines, Etihad Airways. Singapore Airlines, Nanshan Group, HNA Group and Virgin Group if it experienced financial stress, with each shareholder experiencing its own challenging conditions.
Virgin's large cash reserves and investments, worth about $900m, will provide a temporary buffer to the crisis, but S&P acknowledges the company's future stability may rely on it cutting more costs if this crisis continues beyond the next few months. The company's operating environment may be deteriorating at a faster pace than Virgin Australia can implement initiatives to protect cash generation and balance sheet health, S&P said of Virgin.
S&P said it was less likely Virgin would receive extraordinary support from its shareholder airlines, Etihad Airways. Singapore Airlines, Nanshan Group, HNA Group and Virgin Group if it experienced financial stress, with each shareholder experiencing its own challenging conditions.
Yep.Someone loves the sound of his own keyboard strokes!
One thing for sure I am pretty sure the 'Grandson' is ten times more sick of listening to the sage advice from the "ex DC10/B747 Captain" than we are!
One thing for sure I am pretty sure the 'Grandson' is ten times more sick of listening to the sage advice from the "ex DC10/B747 Captain" than we are!
Not sure what is being advised down under but here in the US the CDC advise a vaccine will be 8-12 months away and deployable in 12-18 months.
This is not going away soon.
The impact to the airline industry will be huge.
Get the resumes ready? No point. Better off learning how to grow vegetables.
This is not going away soon.
The impact to the airline industry will be huge.
Get the resumes ready? No point. Better off learning how to grow vegetables.
If one (or more) of them proves to be effective that will shorten the time-frame significantly as they are already known to be safe.