Virgin America QOL

[redflyer65]

That's why it isn't being attempted right now. We will see where we sit around this time next year. From the numbers we have been told about for the past 3 quarters, my guess is we will have an operational profit for the year. We can then IPO, pay off our debt and Bob's your uncle. Maybe too simple, but that's the plan and it sounds feasible looking at information that has not been released yet. I will trust my CFO that is actually looking at the numbers and telling me something as opposed to people on FI.com that are calculating possibilities based on assumptions and information they don't have.

That's the other problem. Your CFO is probably one of the worst in the industry unfortunately. His background from Pinnacle is legendary.

 

[redflyer65]

That's why it isn't being attempted right now. We will see where we sit around this time next year. From the numbers we have been told about for the past 3 quarters, my guess is we will have an operational profit for the year. We can then IPO, pay off our debt and Bob's your uncle. Maybe too simple, but that's the plan and it sounds feasible looking at information that has not been released yet. I will trust my CFO that is actually looking at the numbers and telling me something as opposed to people on FI.com that are calculating possibilities based on assumptions and information they don't have.

I wouldn't put too much stock in your CFO. He has one interesting background...and it isn't good. I was shocked that they hired him.

 

[Flyer1015]

redflyer has a point above. However, there is a vision for this company otherwise Branson and/or the US investors would pull the plug or try and get rid of their share. There have been no signs of real panick, and it seems everyone is committed to the airline. The reason you can't compare Spirit and VX's debt is because when VX initially started, all of that money put up by the Virgin group (Branson) is taken as debt on paper, initial capital costs, etc.

 

[Andy]

The reason you can't compare Spirit and VX's debt is because when VX initially started, all of that money put up by the Virgin group (Branson) is taken as debt on paper, initial capital costs, etc.

That's not correct.
On the form 41 VX filed for their first quarter in existance, they listed Paid In Capital as $211.5 million. For the third quarter 2012, Paid In Capital was listed as $215.0 million.

There have been no signs of real panick, and it seems everyone is committed to the airline.

Seriously? With all of the front office turnover, I picture VX corporate offices as having a motorized revolving door at the entrance.

 

[bri5150]

I wouldn't put too much stock in your CFO. He has one interesting background...and it isn't good. I was shocked that they hired him.

I too am not a huge fan of Pinnacle (ask flyer). I am however trusting he is not lying to me right to my face more than I trust internet business men approximating information based on incomplete data and assumptions...that's all. If u lie to my face, it better be for a good reason. This quarters numbers is not a good reason unless they were going to shut the doors before they are actually released to keep me around.

 

[Flyer1015]

That's not correct.
On the form 41 VX filed for their first quarter in existance, they listed Paid In Capital as $211.5 million. For the third quarter 2012, Paid In Capital was listed as $215.0 million.

Seriously? With all of the front office turnover, I picture VX corporate offices as having a motorized revolving door at the entrance.

Turnover if someone finds something better. Otherwise, I wouldn't necessarily use this as evidence VX is closing this year. As for initial costs, yes it is correct that all initial capital injection was taken as debt on paper. Your information is from limited sources of limited disclosed information of a private company.

 

[Q400 Gear Bitch]

Everyone is free to do their own research and I'm not going to join the doomsday club.

You should reconsider. After all it is double punch monday.

 

[bri5150]

So about how this. If VX makes it through 2013, without getting another 100 million, can you tone it down on your VX rhetoric? That's a whole lot of math for an economics major airline pilot.

What I don't understand is if you don't work here, have not worked here in the past, and don't want to work here in the future, why do you have so much vested interest in this place? No matter, I'm taking you up on your prediction. We'll see if in 2013 VX closes its doors unless it receives "another 100 million." Your words have been cast.

This thread has been enjoyable to read being completely bored sitting in the pad. The above quote is from post 129 in this thread for anyone who wishes to get the context. It's amazing how things can change in this industry in just under a year. :beer: For the record, a lot of time was wasted on this thread talking about possible 4th quarter net profit for last year. Didn't happen. I was wrong.

 

[bri5150]

Everyone's piling on.
Delta added SJC-LAX service.
United will go almost hourly EWR-SFO/LAX.

I'd be surprised if AS doesn't respond to ANC.

Here's B6's press release. They not only added SFO-AUS, but also added SFO-FLL for good measure. They added a LAX-FLL flight at the beginning of January. http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1784728&highlight=

Hind sight is fun. All of that piling on didn't do a dang thing. AUS is huge money for us, EWR is one of our best routes, and even SJC is pulling its weight right now. :beer: I really am super bored sitting in the pad.

 

[Andy]

Bri, you're freaking hilarious! VX got more than $300 million in debt to equity conversion along with $75 million cash recapitalization early this year. That's another $400 million or so - where would VX be now without that money? Put lipstick on a pig and get her IPO'd out.

Serious question: How is it that VX was able to reduce maintenance costs by $4 million in 2Q2013 vs 2Q2012? More lipstick to make the company look profitable.