Originally Posted by
FWAAA
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.
That sounds about right.
Also, if you lop 80 million off of last year's debt service (which seems to be what VX is trying to do in terms of debt service), VX is still losing money for the year.
That IPO should be... entertaining. Assuming we get there.