eponymous_coward
Jun 12, 09, 6:44 pm
http://finance.yahoo.com/news/Virgin-America-Reports-2009-prnews-15509159.html?.v=1
Bad news: still bleeding red ink. They burned through a bunch of cash.
Good news: costs are WAY down. They are finally seeing the light at the end of the tunnel: VX's Q1 09 CASM isn't too far off B6's for Q1 09.
http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1279777&highlight=
Now it's basically a race to see if they can turn profits (and bump their revenue up) before they run out of cash (Cranky Flier (http://industry.bnet.com/travel/10002364/virgin-america-cash-levels-plunge-in-the-first-quarter/) speculates SRB might need to write another cheque). The load factors for April and May mentioned in the press release are a positive sign, as is the fact that WiFi is fleet-wide.... but jet fuel prices are edging up again, so who knows how this will turn out?
I'll be rooting for them.
Bad news: still bleeding red ink. They burned through a bunch of cash.
Good news: costs are WAY down. They are finally seeing the light at the end of the tunnel: VX's Q1 09 CASM isn't too far off B6's for Q1 09.
http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1279777&highlight=
Now it's basically a race to see if they can turn profits (and bump their revenue up) before they run out of cash (Cranky Flier (http://industry.bnet.com/travel/10002364/virgin-america-cash-levels-plunge-in-the-first-quarter/) speculates SRB might need to write another cheque). The load factors for April and May mentioned in the press release are a positive sign, as is the fact that WiFi is fleet-wide.... but jet fuel prices are edging up again, so who knows how this will turn out?
I'll be rooting for them.