Originally Posted by
fishy21
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?
I wouldn't say that.
Beardy and his friends will no doubt find a way to funnel more cash to VX if it's still burning money later this year. Even VX doesn't typically burn money in the second and third quarters, so the next liquidity crunch shouldn't happen for 6 months or so. It's the fourth and first quarters where cash outflow tends to exceed cash coming in.
VX is the Energizer Bunny of money-losing airlines.