Big va 1st quarter loss

[Jetpipeovht]

A quote from the press release:

"The airline ended the first quarter of 2010 with $28 million in unrestricted cash and $102 million in total liquidity."

Cash position improved in the first quarter, up $6 million.

Another quote:
“Despite the near doubling of fuel costs during the quarter, our top line progress continues to exceed our expectations and we remain on track for full year operating profit in 2010”

Looks like Branson made another deposit.

 

[ualdriver]

http://money.cnn.com/video/technolo...ca_connected.fortune/?source=cnn_bin&hpt=Sbin

According to Cush, his costs are lower than United's primarily because of labor. Nice. If airlines like Virgin America become the "new" LCC's, looks like we'll be revisiting any gains we union pilots make this decade.

And just because their cash balance went up doesn't mean they were cash flow positive. It is more likely they just borrowed from a credit line and put the proceeds into cash. At least a few airlines, including mine, did the same during the last credit crunch, fearing that lines of credit made available to them previously would be withdrawn in the crisis. Had they been cash flow positive, I can't imagine that they wouldn't have loudly proclaimed that accomplishment.

 

[Jack Campbell]

It's because homosexuals are an oppressed demographic (discrimination etc.) whereas heterosexuals are not. There is no need for empowerment organizations for heteros.

It's the same reason that there is no need for a male advocacy organization or a white equivalent to the NAACP.

The reason White Males need an advocacy group is because we are the only group that does not have one, while every other group has many! If we don't get them soon, how are my children going to get jobs in 20 years when they enter the job market?! Either you were being sarcastic and I missed the humor, or you are ignorant of the coming wave of racial unrest in this country. Get a clue!

 

[Splert]

According to Cush, his costs are lower than United's primarily because of labor. Nice. If airlines like Virgin America become the "new" LCC's, looks like we'll be revisiting any gains we union pilots make this decade.

And just because their cash balance went up doesn't mean they were cash flow positive. It is more likely they just borrowed from a credit line and put the proceeds into cash. At least a few airlines, including mine, did the same during the last credit crunch, fearing that lines of credit made available to them previously would be withdrawn in the crisis. Had they been cash flow positive, I can't imagine that they wouldn't have loudly proclaimed that accomplishment.

Someone gets it.

I paid my car payment with my equity line of credit and I paid off my Chevron credit card with my new Capital One card at zero interest for 6 months.

 

[NEDude]

Looks like Branson made another deposit.

What would be wrong with that? Branson does own 25% of the airline, and owns the brand name. Since when is it wrong or bad for a person to invest money in their businesses? At least they aren't taking out government loans, or living off bankruptcy like most every other airline in the US has done over the past 10 years.

And before you start arguing good/bad business decisions, I'll tell you that Branson's opinions and ideas on how to run a business carry FAR more weight than anything you can say. He has walked the walk, I doubt you have.

 

[Splert]

What would be wrong with that? Branson does own 25% of the airline, and owns the brand name. Since when is it wrong or bad for a person to invest money in their businesses? At least they aren't taking out government loans, or living off bankruptcy like most every other airline in the US has done over the past 10 years.

And before you start arguing good/bad business decisions, I'll tell you that Branson's opinions and ideas on how to run a business carry FAR more weight than anything you can say. He has walked the walk, I doubt you have.

Someone has a mancrush....

 

[NEDude]

Someone has a mancrush....

That all you got? Need some work there buddy.

 

[mpharstad]

Branson should just buy all the tickets.

 

[exphojump]

Relax people,

If a multi national wants move into a new market they may lose money for years before they establish a product and brand name.

I am furloughed U3K pilot making money in an oil country paying off US debt and paying for grad school.

BTW China is paying 17K per month for airbus Captain now. If you are pissed about Walmart go and get our money back

Globalization is nice.

 

[clickclickboom]

What would be wrong with that? Branson does own 25% of the airline, and owns the brand name. Since when is it wrong or bad for a person to invest money in their businesses? At least they aren't taking out government loans, or living off bankruptcy like most every other airline in the US has done over the past 10 years.

And before you start arguing good/bad business decisions, I'll tell you that Branson's opinions and ideas on how to run a business carry FAR more weight than anything you can say. He has walked the walk, I doubt you have.

Wow you get pom poms with the uniform too?

 

[NEDude]

Wow you get pom poms with the uniform too?

Still pretty lame.

Keep trying.

 

[clickclickboom]

Really not trying to put your down. Its just funny.. Dont worry you'll smart up once the fun wears off.. It happened to me and thousands before me..

 

[Bavarian Chef]

Insert Neeleman for Branson, maybe? I know, Neeleman is merely double A.

The whole ... "Look at me, I'm in a cult too!" syndrome is AWESOME.

 

[NEDude]

Really not trying to put your down. Its just funny.. Dont worry you'll smart up once the fun wears off.. It happened to me and thousands before me..

Been at this for well over a decade, been laid off three times, been through a divorce. Believe me, the "fun" wore off a long time ago.

However I have been around long enough to realize that slogging around at a regional hoping for a job with a legacy carrier full of bitter, angry old farts who keep selling out junior pilots and giving up scope, is anything but "smart". Sorry you keep thinking the failed conventional way of doing things is smart. I call it something else.

 

[AnimalTale]

What would be wrong with that? Branson does own 25% of the airline, and owns the brand name. Since when is it wrong or bad for a person to invest money in their businesses? At least they aren't taking out government loans, or living off bankruptcy like most every other airline in the US has done over the past 10 years.

And before you start arguing good/bad business decisions, I'll tell you that Branson's opinions and ideas on how to run a business carry FAR more weight than anything you can say. He has walked the walk, I doubt you have.

I agree with you. But I am a business man too. My main objective is to create profits FIRST!

If that is not being done, I give it ONE or TWO QUARTERs and I shut her down.

Please dont think Branson is your PAL. He is a capitalist, if VA is a thorn on his side, he will get rid of it..

Now, I am an employee also. With that in mind, please dont be blinded with aircraft orders, quick upgrades and HOT FLIGHT Attendants. I suggest you have a backup plan, and secure the BEST possible workrules, pay and contract you can.

Best of luck,

CYA