Virgin America 2nd Q numbers

[Raoul Duke]

you are both missing the more important part that says they are fully funded through their projected date of profitability - the 28 million not the only $$$ they have access to.

 

[firstthird]

actually the important part is whether or not they are in compliance with federal law which limits foreign ownership to 25%. since the two hedge funds cashed out of their 75% no one seems to know who owns the company.

 

[Lampshade]

you are both missing the more important part that says they are fully funded through their projected date of profitability - the 28 million not the only $$$ they have access to.

Well it depends on their projected date of profitability if its next quarter they will make it, but if it's 2010 they will need more $$.

Said on 10-08:

Mr Nisi, who is also a Virgin America director, said the carrier is now filling more than 80 per cent of its available seats, and should turn a profit by the second half of next year (2009).

Said on 3-09

Cush said he believes Virgin America will have one or two profitable quarters this year, "and we are still fully on course for full-year profit in 2010."

​

 

[Poahi]

Well it depends on their projected date of profitability if its next quarter they will make it, but if it's 2010 they will need more $$.

Said on 10-08:


Said on 3-09

​

If true, this would be one of the greatest turn arounds in airline history. On the other hand, when management makes statements like that and they don't deliver, their credibility turns to mush.

 

[Baze]

you are both missing the more important part that says they are fully funded through their projected date of profitability - the 28 million not the only $$$ they have access to.

Exactly! The 25% foreign ownership has a lot of cash to pump into their operation.

 

[MALSR]

Cash on hand doesn't mean $hit. For example, you may think that Alaska has good cash on hand, over 1 billion. Actually Alaska Airlines is practically broke when you look at their debt-to-capital ratio of 81 percent.

 

[QCappy]

Cash on hand doesn't mean $hit. For example, you may think that Alaska has good cash on hand, over 1 billion. Actually Alaska Airlines is practically broke when you look at their debt-to-capital ratio of 81 percent.

Which is one of the best ratios in the business.

What's your debt/capital ratio?

Cash on hand means a whole bunch if your cash flow isn't keeping up with expenses.