FlyerTalk Forums - View Single Post - VX Financial data released

Feb 3, 2009 | 5:51 pm

#7

eponymous_coward

FlyerTalk Evangelist

Join Date: Aug 2007

Location: SEA, but up and down the coast a lot

Programs: Oceanic Airlines Gold Elite

Posts: 21,298

Uh-oh.

http://industry.bnet.com/travel/1000...antial-losses/

That doesn't look good AT ALL. The fact that they've been hovering around 50-60 million dollars in losses per quarter as they've expanded operations (and even if you knocked fuel costs in half, it would still be 25-30 million) can't be a good sign.

This kind of explains why they are going slow with the expansions, though- they have to be blowing through cash like crazy.

Last edited by eponymous_coward; Feb 3, 2009 at 5:57 pm

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