FlyerTalk Forums - View Single Post - VX posts $76 million 1Q loss
View Single Post
Old Jul 5, 2012, 11:04 am
  #5  
FWAAA
FlyerTalk Evangelist
 
Join Date: May 2001
Location: LAX; AA EXP, MM; HH Gold
Posts: 31,789
Originally Posted by grt2106
Where is this money coming from that gets thrown into this black hole?
Richard Branson and his American Citizen "friends."

Seriously, though, VX borrowed about $150 million last year that will help see it thru a few more dismal quarters. Keep in mind that not every dollar "lost" represented a dollar of cash out the door - some of the loss consisted of non-cash accounting items like depreciation/amortization (where the cash went out the door long ago and is now being accounted for slowly, year by year).
FWAAA is offline