How much money is Virgin losing anyway?

[Moustache]

This thread has been dead for a week. I think the discussion HAD ended.

Apparently not meatball!!!!

 

[Fubijaakr]

I'd listen to flyiguy.

 

[AA717driver]

Sounds like a Indy guy that wasn't offered a job!

No, it sounds like logic. The only thing that will get ANY airline through this fuel/currency/economic crisis is CASH. No amount of hard work or cheap labor will overcome the crushing cost of fuel.

I've been a supporter of VA and, because I have friends at AirTran, JB and F9, I've been pulling for the LCC's to succeed. But I don't have a whole lot of hope these days.

Unless something drastic changes, I'm afraid the days of "air travel for the masses" will come to an end.TC

 

[Wheres the van?]

I dont think the LCCs are necessarily done.Most of the legacy carriers have been to BK once and some twice they have cut away as much fat as possible and emerged from BK with business plans based on $60 a barrel.There is no where left for them to turn with increasingly older almost defunct fleets,costs cut to the bone (reflected in there service) and an almost fairytale impression that merging will fix the problem.

You may recall only recently CO had the opportunity to merge with UA.CO took one look at UAs books and ran for there lives.

The legacies will not emerge from this new reality in one piece there no longer is the BK panacea.

 

[Colonel Savage]

The legacies will not emerge from this new reality in one piece there no longer is the BK panacea.

Is there a limitation to how many times a company can declare BK over a 10 year period?

 

[9rj9]

Is there a limitation to how many times a company can declare BK over a 10 year period?

Nope, no limit. However it makes it harder to convince the next suckers to invest in the new airline. I think Delta really pulled one over on their investors, USAir was ready to pay 13 million, Delta just recently devalued themselves to around 7 million.
Those investors lost half, doubt they will be back for the next chin-dig.

I think Branson will pick up and leave when he figures that Americans are cheap and will not pay one red cent more for anything. They will connect through atlanta to save 10 dollars but have no problem pony'n up for a 5$ latte and 10 dollar sandwich made by a no hand washing minimum wage bum.

 

[chperplt]

Is there a limitation to how many times a company can declare BK over a 10 year period?

I'm pretty sure the only requirements under the new law is to wait 180 days from the date of discharge, before being able to file under the same chapter again.

 

[johnboy99]

Nope, no limit. However it makes it harder to convince the next suckers to invest in the new airline. I think Delta really pulled one over on their investors, USAir was ready to pay 13 million, Delta just recently devalued themselves to around 7 million.
Those investors lost half, doubt they will be back for the next chin-dig.

I think Branson will pick up and leave when he figures that Americans are cheap and will not pay one red cent more for anything. They will connect through atlanta to save 10 dollars but have no problem pony'n up for a 5$ latte and 10 dollar sandwich made by a no hand washing minimum wage bum.

I think you mean 13 Billion not million just a little bit of a difference. I think Delta's market cap is around 2 Billion now. Good thing you are not an accountant.