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Thread: VX: Profit Real Soon Now™ (but still losing money now)
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Old May 13, 2013 | 10:21 am
  #8  
fishy21
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Originally Posted by FWAAA
VX borrowed an additional $75 million; had it not been able to find that liquidity, it would have been completely out of cash by 3/31/13. That $75 million should get VX thru the rest of 2013 unless fuel prices spike.

Net loss in 4Q2012 and 1Q2013 totaled $71 million.
Jeez... that sucks. They have less than 6 months to turn it around. I guess this might be a good time to use my FFP that I have banked with them huh?
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