WSJ: U.S. Investors Sell Virgin America Stakes

[clickclickboom]

I have flown on VA as a passenger and it was by far the best economy seat/service I have ever experienced. Better than JB. I doubt many people on these boards ever flew on VA - they would acknowledge that it is a special product. Unfortunately, it started at the wrong time (gas crisis, world economic meltdown).

Yes and you and your family are losing about $30,000 to $100,000 per year plus lack of real retirement to subsidize those fancy seats.

Lets face it this is a POS industry.. VA as well as my airline JB are POS airlines. the others suck because of total mis management and out of control costs that are a direct result of nearly unlimited competition potential from anyone with a story and a certificate.

Do a little research regarding salaries in the USA for employees entering the workforce with 4 year degrees and you will find out what is wrong with this country.

You sepnd $150,000 on an education and cant even make $35,000 a year.. This goes well beyond aviation folks

 

[Horrido]

I knew I should have gone to Med school!

 

[clickclickboom]

I knew I should have gone to Med school!

Recent ad my wife saw:

General Practiconer needed for growing family practice. 5 years experience necessary.

Signing bonus up to $150,000 depending on qualifications. relocation package and 6 months temporary housing allowance included.

Home purchase at appraisal value available in lieu of housing allowance.

$275,000 per year and 4.5% of net profit paid as bonus yearly after 2nd year.

 

[skiandsurf]

Recent ad my wife saw:

General Practiconer needed for growing family practice. 5 years experience necessary.

Signing bonus up to $150,000 depending on qualifications. relocation package and 6 months temporary housing allowance included.

Home purchase at appraisal value available in lieu of housing allowance.

$275,000 per year and 4.5% of net profit paid as bonus yearly after 2nd year.

This sounds great. Unfortunately, ALPA negotiates starting pilot salaries of $29,000. Thanks ALPA.

 

[ualdriver]

From ATW

Thursday March 12, 2009 Virgin America reported limited 2008 fourth-quarter financial figures yesterday and said it posted a $27 million operating loss, narrowed from the $59.9 million deficit in the year-ago period, its first full operating quarter. Revenue more than tripled to $109.7 million and expenses rose 42.5% to $136.7 million. Load factor soared 19.1 points to 81.2%, unit revenue was up 86.7% to 9.28 cents and operating CASM fell 12.7% to 11.57 cents. VX released limited nine-month figures last month (ATWOnline, Feb. 3). It now operates 28 A320s.


Regarding new speculation that US-based investors Cyrus Capital Partners and Black Canyon Capital have sold their stakes (ATWOnline, March 3), a VX spokesperson told ATWOnline that while it "cannot comment on private shareholder issues. . .any reports that we're in danger of not being compliant with the law are false and misleading." VX said US shareholders "remain in control" of the company, its board and more than 75% of its voting stock.