VX Rolls Out Water-Bottle Refill Stations

[DASHDRIVER]

You gotta give the pr department some credit. Always keeping the name in the press through crazy cheap means. Little free press releases like this get a lot of circulation on the west coast. Making money or not its good stragety.

 

[Fins Up]

I think the refill stations are actually for the pilots, a la Skybus.

 

[weasel_lips]

Probably an indication that their reports are not totally accurate. Being private, they can basically report anything as far as financials and can write off debt and depreciation years down the road. That will actually show a loss today and a huge profit the next day type scenario. Ever heard of the "Rope a Dope??"

Dope=Majors thinking they are going down, when in reality, they are about to show huge profits prior to the IPO coming out??

So they are filing false reports with the DOT?

Elvis is still alive too!

 

[Tomct]

So they are filing false reports with the DOT?

Elvis is still alive too!

Actually writing off depreciation and showing losses is what a lot of new companies do prior to showing big profits. It allows them to really turn and burn a big push to an IPO. That's what I have been told by a few different CPA's, so, we will see. It would definitely prevent the IPO from falling flat on its face a la Spirit?

 

[waveflyer]

Unfortunately, all you guys know that VA isn't the lowest paid, right?

Good ole USAPA TOPS OUT AT $125/hr w/ work rules that make Mesa look like Fedex.
And I've said it all along- all legacy pilots who outsource so much don't have any excuse for digging on VA rates. Their initial pay is designed to attract enough RJ capts to prime their hiring.
All you socialists need to fix your outsourcing before you dig on VA- bc that's doing way more to keep the industry down than anything else, BY FAR.

 

[Fubijaakr]

Think it over, wavey. USAir pilots could have a much larger rate IF they would just accept the arbitrator's agreement and move on. However, they're willing to pee away a ton of personal cash for their DoH dream.

And, remember, it was all because of a non-Union carrier's low rates that the legacy pilots got screwed in bankruptcy court in the first place.

So don't compare apples to oranges, slick.

 

[ACL65PILOT]

Actually writing off depreciation and showing losses is what a lot of new companies do prior to showing big profits. It allows them to really turn and burn a big push to an IPO. That's what I have been told by a few different CPA's, so, we will see. It would definitely prevent the IPO from falling flat on its face a la Spirit?

If VX is getting IPOed it is because Branson wants out of the game, and they are looking to take their money and run. The Hedge Fund at NKS was doing the same thing. This way it allows them the ability to insulate themselves when the walls coming down.

Branson is shopping hard for a buyer if VA. He has been interested in trying VX to the deal. A IPO would be a clear indication that he realizes that he can not package them together.

 

[DASHDRIVER]

Actually, the intent was to go public at VX from day one. In fact they they wanted to do it sooner. But high oil prices and the '08 slowdown has delayed that. New estimates are putting IPO in two to three years.

 

[Tomct]

If VX is getting IPOed it is because Branson wants out of the game, and they are looking to take their money and run. The Hedge Fund at NKS was doing the same thing. This way it allows them the ability to insulate themselves when the walls coming down.

Branson is shopping hard for a buyer if VA. He has been interested in trying VX to the deal. A IPO would be a clear indication that he realizes that he can not package them together.

The only reason that he is shopping VA (Atlantic) is because he is trying to get Singapore to sell their 49% in the company. They are killing his other airlines with their "Anti-Pacific" rules. He has already said that he will always keep the controlling interest in the company. The IPO stuff is just the game they play, he has no desire to sell and if the original investors want out (which they do not) there are plenty standing in the wings to take their place. It's all good meng. ;-)

 

[weasel_lips]

Yes, they are just begging for their turn to throw millions into the money pit!