Chiguire From Venezuela, joined Sep 2004, 2005 posts, RR: 15
Reply 2, posted (10 years 4 months 4 weeks 1 day 19 hours ago) and read 2244 times:
Quoting RJ100 (Reply 1): They aren't profitable yet but expect to reach this goal by 2007. Not that bad considering they are starting a lot of new routes at the moment.
"Not profitable yet" is a very optimistic way to see things. They are still burning cash and made a loss of about 24million euro last year. Expected to be the around the same amount this year. Considering that they already lost around 17 million before, there is not much left from the 70 million they made with the IPO some time ago.
Shares have plunged from 6Euro to 3.95 up to about 4.50 again. No good sign at all.
If they continue like that money is out within next year and they again need some cash.
So you better fly them soon.....