So the plan is to squeeze up what's left of traditional economy as tight as they dare think they can get away with down in the back far corner of the aircraft then install some new seats in the pitch they just had.. And then charge extra for what they offer at the moment ?
And hey if they remove all the doors, they could get several more rows of seats in.
Yeah, NAH.
"Over the last few years Virgin has struggled to turn a profit, recording a $653.3 million loss after tax in 2018, a $185.8 million loss in 2017, and a $224.7 million loss in 2016".
Chris Luxon was so right to ditch this dog. Talk about a perennial under-performer and some of those years with very low fuel prices and other airlines making record profits. The previous CEO was completely inept and grossly overpaid and needed to go many years ago. Only one person on the board had the gonads to stand up and say what needed to be said and the other board members were wimps. He departed a little while back, finally but now there are all the failed legacy issues to deal with that'll be years in the clean-up. Snow Leopard is very welcome to this mongrel of a mutt.
This bird (pup) will never fly but we can't call it a Kiwi can we lol
Last edited by Beagle; 17-05-2019 at 03:57 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
Latest stat's and fuel hedge look okay to me.
Forecast fuel consumption for FY20 is 9.6m U.S. barrels which at 42 gallons each is 403.2m U.S. gallons of fuel forecast to be burned and at 3.78 litres per US gallon is $1.524 Billion liters of jet fuel.
Crikey, No wonder fuel cost is important !
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
Always a worry when a company publicly says they’ve got external consultants in to sort out their business ....esp when they mention words like “business realignment”. Implication is that they don’t know what they’re doing.
But then when you are seeing profits sinking to 5 year lows suppose you need to do something drastic
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Originally Posted by Benny1
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