How is VS Looking?

[Chris_medley]

This isnt supposed to be a thread* predicting the downfall of Virgin Atlantic. I am just curious as to whether anyone knows their financial position and how they are coping with the current climate?

Thanks in advance

[Time Traveller]

Check the latest results

[crewrest]

Nothing hostile chap, was just making my point, which is: where on earth is "threat predicting the downfall"

Rgds

P.S Try google news: eg Record numbers at Virgin. ~ Friday, 12th September 2008 from 4Hoteliers

Afternoon all.

[Cargocat]

Last I heard they are doing very nicely after the T5 problems BA had.

Thats what Beardy and his boys said.

[al446]

Like most on here, I am no financial expert - or even soothsayer. I can look at things in the round though. Virgin is no loco model and can call on vast reserves to stay afloat then adapt and survive. It is less vulnerable to sudden financial volability as it services a different market, leisure is usually the first to go down in an ailing economy. I don't think XL had business class, do you?
Those of us who have lived through turbulent times, in my case several of them, could see this coming. Even though it has not been introduced in this thread, this has nothing to do with government(s), apart from maybe the American, it is cyclical, as can be seen from a post on another thread, indeed I am surprised it has taken so long. The time between failures was approx 9 years before, this time lots longer. It is always the small guys who go down. Virgin aint small.

[Basil]

Thats what Beardy and his boys said.

"Well, he would, wouldn't he?". (Mandy Rice-Davies)

[TopBunk]

I have no specific knowledge on VS, but as I have just posted on the BA problems thread, if BA are projecting a business downturn on yields etc and are taking action to prevent unsustainable losses building up later on this year, you can bet that VS will have an even greater downside risk.

VS has just posted a trading profit, but that reflects PAST and not FUTURE performance. Remember that BA just posted its first ever 10% operating margin.

I have no doubt that VS will be announcing some austerity measures of their own in the next weeks.

[al446]

basil

I am no fan, nor detractor, of Beardy, even though I share his hirstuteness, but he has yet to be shown providing mis-truths. Unlike some in BA or Camelot for example, both high profile court cases. So I do believe him.
Should I be wrong, my hat size is 57 (European) and will gladly eat it with a side serving of humble pie while wearing a hair shirt.

[point8six]

Perhaps you should ask the management at SIA (49% owners).

[Basil]

This is Money

Last year, BA was fined £121.5m by the Office of Fair Trading and $300m by the US Department of Justice for colluding with Virgin to set fuel surcharges on ticket prices that were artificially high. Virgin escaped the fines under the whistleblower rules that excuse parties that report wrongdoing

Yes, honest and trustworthy, sho' nuff

[Pardes]

I dont think VS is going anywhere... They seem to be on the right track. More so than I can say for the VS wanna-be, Kingfisher... who seems to be losing money faster than you can burn it...

But in the end... VS will fall before BA...