Well then how on earth do they rack up another 42 million dollar loss?

Come on please, this is not hard to see.

Just look at the last 2 annual reports for the company, it is there for all to see.

There is no magic in the last month that now makes it all suddenly break even.

Best options are as stated here many times over many many months:

http://www.pprune.org/dg-p-reporting-points/417038-virgin-blue-cut-domestic-international-routes.html#post5732578

http://www.pprune.org/dg-p-reporting-points/364779-v-aus-how-going-5.html#post4790027

http://www.pprune.org/dg-p-reporting-points/362854-v-australia-gets-aoc.html#post4730749

http://www.pprune.org/dg-p-reporting-points/362854-v-australia-gets-aoc.html#post4730916

VBA engineer,

What loss? VBA made around $34 million PBT in the full year, versus a loss of $160 million in the previous year. (That Godfrey guy was such a dill...)

The NPAT was over $20 million. Do you read your engineering sheets with the same degree of accuracy as the company reports?

denabol, he was referring to Voz not the VBA group as a whole. His figure is accurate.

VBA Engineer the majic could come from the 92% load factor that VA is currently enjoying. The buzz recently from management is that VA has operated IN PROFIT for the last 2 months.

Chin up, old boy :ok:

Go to any newspaper site at the moment and worry a little bit more about your VBA shares. The ACCC has also refused the trans Tasman alliance with Air New Zealand, on a draft basis. I'm going to sit tight and try not to look for the next few weeks.

flamingmoe, OK point taken. But an overall switch from a loss of $160 million to a profit of $34 million in a year when Godfrey was still running the show suggests a bloody good effort to me.

Be interesting to see how the thwarted code share arrangements will influence Borghetti's masterplan. Hot on the heels of the DoT announcing its intention to block the DELTA tie-up, the ACCC are now announcing that it intends to block the AirNZ codeshare on the Tasman, and this after PacBro have already given the domestic market in NZ over to AirNZ. The ACCC has further announced its intention to fast track its process in evaluating the consumer impact of the proposed ETIHAD codeshare. I'd be gobsmacked if this deal doesn't get through (but then again - I've had my gob smacked in the past).

denabol - eng is correct Voz not VBH and dare I say it I agree, Godfrey did dosome good things...however....
the Godfrey profit claims (there were many and varied)) were based on all those largely non reportable off balance sheet liabilities that Borghetti to his credit acknowledged when he stepped onto the field. That's also sound management that the market will ultimately back.

It's a tough call by the ACCC today re the Tasman tie up - not a decision that I entirely agree with but I do think the consolidation of VB and a move away from nowhere-land marketing and the fragmented brand entities will be good for the business.

Less of the Bransonesque fluff and back to business tuff if you like! - once the reactive sell down from today pulls up, the view will over time get back to EBIT & ROI performance markers. Under Borghetti I tend to think the group will be been seen in a more positive mode.

The pressure from the ever present bilateral auction is building up momentum and the last thing we need is a local weak/vulnerable RPT aviation sector as our pollies are not smart enough to preclude aviation from the bi-lateral agreements. (Beware paricularly the proposed Mid East agreements that carry the fuel/carbon flag that is like chocolate to governments). For this reason alone I hope Borghetti racks up a few runs wih the market.

The biggest risk to every Driver, CC, or Eng is that which we all have in common - those pirate agreements that send our jobs offshore & bugger everyone's T&C's.
:E AT

The core 737 domestic operation is proven, and is a highly profitable business. But make no mistake, the comical duo of Godfrey/Swift, would have driven it all to ruin inside of 3yrs with their neverending rap sheet of cock-ups.

Changes made thus far to Voz services are a step in the right direction, but JB still has a huge task ahead of him to see VBA out of the woods. I for one, believe (hope) he'll do a good job.

Unfortunately some of the morons at DJ put their ego's before business acumen, thats the biggest downfall for DJ.

Correct. It will take a little while for Massimo to see the positive results roll through from any of his initiated changes. I still think he has a squirt of Moretein left in the can however, so hopefully he will use it to get rid of some of the last remaining cockroaches.

Cough!

Well.... It seems DJ are still here and to stay!

Hmmmm!
 

BTT
Etihad buying up Virgin stock | Australian Aviation Magazine

Keep dreaming. If you think they will ever reach or exceed launch price (which they are meant to do) in this century then you are spending to much time fantasizing.