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Things don't look too Rosy for VA
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Did you read the article? Typicall JB spin but fundamentals are better. |
All propped up by HNA and friends....
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You would have to say, with revenue of $5.4 BILLION and lots of full aeroplanes flying around, they simply do not know what they are doing. Consistent losses year after year. Amazing stuff.
https://www.smh.com.au/business/comp...28-p500bz.html |
Sounds strangely like a $2B loss not that long ago |
Yes, I suspect there is some housekeeping going on there. You would think it would raise alarm bells for the board with regards who they are going to get to take over the ceo role. Any internal candidates would be tainted by the result you might think. |
We need MM to change the cabin crew uniforms to turn it all around. |
Exactly. All set up for the heroes (our saviour) departure in 6-12. Smoke and Mirrors. |
House of cards! Without continued foreign capital injection, the music stops. How long can this continue before the financial taps are turned off? |
Fundamentals are better, they ave written off the deferred tax asset, it's just about making next year look better,
Excluding those items, underlying profit was $110 million, up from last year's $4 million loss, and the strongest result since 2008 Domestic Market is booming for VA and QF right now, VA should be making massive profits under the right leadership |
Originally Posted by Half Baked
(Post 10235926)
House of cards! Without continued foreign capital injection, the music stops. How long can this continue before the financial taps are turned off? This huge net loss is Virgin taking a bath on a few items, after which things will improve in future. The charges are accounting and not cash, so fundamentally they aren't dipping into the kitty to make up any shortfall - indeed, the kitty is growing. Their next challenge will be to pare down some of their debt. |
A lot of misunderstanding here in regards to numbers, I must be on a pilots forum right? The tax offset is non cash. There is no needing to be ‘propped up’. |
If you want to look at “fundamentals”, all segments - tiger, va international, loyalty are performing worse than prior year - except for VA domestic. Tiger and international are still loss making. The domestic market is proped up by sequential capacity cuts into growing demand. This cannot and will not last forever. Airline industry has just about the same level of barrier to entry as your local deli... |
downdata, that was a result of the exit of the E190/atr which was replaced with new 737s but they were not like for like as they are configured heavier and didn’t have the same amount in order . They had to give some flying to Alliance as they didn’t have the capacity. They briefed the media on this last year. |
Qantas must have been up for murder and genocide when they announced their $2.8 billion loss a few years ago according to all the accountants on here. For the rest of us mere mortals, here is an article explaining why it’s one of their best results in some time: https://www.theage.com.au/business/c...29-p500fr.html |
Originally Posted by downdata
(Post 10235965)
If you want to look at “fundamentals”, all segments - tiger, va international, loyalty are performing worse than prior year - except for VA domestic. Tiger and international are still loss making. The domestic market is proped up by sequential capacity cuts into growing demand. This cannot and will not last forever. Airline industry has just about the same level of barrier to entry as your local deli... Having said that, the ratio of local delis (or milk bars for those in certain provinces) still operating compared to those that have gone bust is around the same. |
Originally Posted by TimmyTee
(Post 10235996)
Qantas must have been up for murder and genocide when they announced their $2.8 billion loss a few years ago according to all the accountants on here. For the rest of us mere mortals, here is an article explaining why it’s one of their best results in some time: https://www.theage.com.au/business/c...29-p500fr.html As did Etihad, impairing the A380 to zero value on the books. Whether the unions at Virgin are stupid enough to buy the largess of the 'loss' and agree to pay freezes only to witness 'an amazing transformation' the next financial year is an other story entirely. What that means is, the statutory loss of $2.8 billion does not represent a cash loss to the company, rather it is a paper loss in the value of its assets. It is a bit like when the value of your house goes up, or down, your wages and your bills do not move.So in terms of the money in the door and out the door, Qantas was still in the red. The underlying loss of $646 million again looks like a big number, and it is, but crucially it was better than some had expected.For the first time in a long time, chief executive Alan Joyce said investors could expect an underlying profit in the first half of this financial year. |
VA should be making massive profits under the right leadership MM and Blunty have absolutely no idea about how to run an airline. At least John Thomas knows what the problems are, and has the ability to fix them. He also has the support of all the frontline staff, unlike the incumbent. Let’s just hope the board has the good sense to make him the next CEO for the benefit of everyone! |
With the current financial state of HNA they can't expect to rely on too many more bailouts.
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I keep hearing that JT is the new saviour. So was Borghetti. Do you guys actually think the same board that sacked him will give him the top job? Seriously? Get some board turnover and MAYBE, MAYBE you might have half a chance. Looking at some of the comments on here, it is pretty obvious that some simply fall for the headline, and don't read any further.
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