Kiwi Beagle doesn't pretend to have any expertise when it comes to Australian taxation matters but will opine that normally the derecognition of tax assets, (losses carried forward) is because there is no longer the reasonable expectation that these assets will be able to be utilized in the future.
I haven't looked at Virgin's gearing for a while but I would imagine with that statutory write-off its even more shocking and badly stretched than it was last year. Talk is cheap regarding expansion. Finding aircraft, crew spares and the capital to invest in another offshore operation is not cheap.
Borghetti or however his name is spelt, the CEO of Virgin is acting like a lover spurned. He appears to be wanting to run a vendetta campaign against a vastly stronger AIR. He must be livid AIR is now code sharing with a quality airline.
Rock star Chris will sort Cindy out.
Does AIR have a new codeshare partner in OZ ? I've obviously missed that announcement.
AIR must be struggling to fill seats to London. Early bird sale at $1,399 return which is pretty remarkable when you consider the taxes out of London and the current fuel price but what caught my eye in terms of an outrageous below cost bargain on a good quality carrier was Etihad to Dublin for $999 return.see www.flightcentre.co.nz
Last edited by Beagle; 03-09-2018 at 12:04 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
AIR must be struggling to fill seats to London. Early bird sale at $1,399 return which is pretty remarkable when you consider the taxes out of London and the current fuel price but what caught my eye in terms of an outrageous below cost bargain on a good quality carrier was Etihad to Dublin for $999 return.see www.flightcentre.co.nz
Yeah I saw the AIR prices to Amsterdam too, but its not when I plan on going. Oh well. But they are ridiculously cheap. Could almost go for a weekend away at those prices, just don't wan the associated jetlag.
Originally Posted by Beagle
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