VX Q1 09 DOT data is out.
Jun 12, 2009 | 5:44 pm
#1
Original Poster
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Join Date: Aug 2007
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VX Q1 09 DOT data is out.
http://finance.yahoo.com/news/Virgin...9159.html?.v=1
Bad news: still bleeding red ink. They burned through a bunch of cash.
Good news: costs are WAY down. They are finally seeing the light at the end of the tunnel: VX's Q1 09 CASM isn't too far off B6's for Q1 09.
http://investor.jetblue.com/phoenix....777&highlight=
Now it's basically a race to see if they can turn profits (and bump their revenue up) before they run out of cash (Cranky Flier speculates SRB might need to write another cheque). The load factors for April and May mentioned in the press release are a positive sign, as is the fact that WiFi is fleet-wide.... but jet fuel prices are edging up again, so who knows how this will turn out?
I'll be rooting for them.
Bad news: still bleeding red ink. They burned through a bunch of cash.
Good news: costs are WAY down. They are finally seeing the light at the end of the tunnel: VX's Q1 09 CASM isn't too far off B6's for Q1 09.
http://investor.jetblue.com/phoenix....777&highlight=
Now it's basically a race to see if they can turn profits (and bump their revenue up) before they run out of cash (Cranky Flier speculates SRB might need to write another cheque). The load factors for April and May mentioned in the press release are a positive sign, as is the fact that WiFi is fleet-wide.... but jet fuel prices are edging up again, so who knows how this will turn out?
I'll be rooting for them.
