Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
What Is The "Loss" Figure For Virgin Atlantic  
User currently offlineEtravelconsult From , joined Dec 1969, posts, RR:
Posted (12 years 5 months 4 weeks 2 hours ago) and read 2775 times:

We all have heard about the loss at British Airways and profit for Ryannair but what about the loss figure for Virgin Atlantic. Can someone shed some light on this airline as we sometimes forget about VS.

In a recent press conference by SQ Deputy Chairman and CEO, Dr Cheong expressed that SQ would have to carry the burden of Virgin's loss onto their balance sheet which will have a huge impact on SQ's financial figures for financial period ending 31st March 2002.

I am sure VS is operating at a loss at the moment and ever since and probably pre-September 2001 given 70 per cent of their business is trans-atlantic.

5 replies: All unread, jump to last
 
User currently offlineVgnAtl747 From United States of America, joined Apr 2001, 1513 posts, RR: 2
Reply 1, posted (12 years 5 months 4 weeks 1 hour ago) and read 2742 times:

I haven't heard any numbers. Also remember that they stopped the Athens route. I would have thought that was a money maker for them too.

VgnAtl747
Creator.Moderator- VSFan
http://vsfan.uprootedtech.com



Work Hard. Fly Right. Continental Airlines
User currently offlineIkarus From United Kingdom, joined Jan 2001, 3524 posts, RR: 2
Reply 2, posted (12 years 5 months 4 weeks 1 hour ago) and read 2724 times:

Virgin Atlantic is not a shareholder company, hence they can keep their financial status secret and do not need to disclose it publicly. Don't expect to hear any official or validated profit and loss accounts from them...

Yes, it's quite likely they're currently making losses. But my bet is that by the end of the year, they'll run reasonably stable again, with profits possibly already from next year onwards...

Of course, that is just speculation, like any other reply you're likely to get...

Regards

Ikarus


User currently offlineDocpepz From Singapore, joined May 2001, 1969 posts, RR: 3
Reply 3, posted (12 years 5 months 4 weeks ago) and read 2705 times:

Virgin may choose to keep it secret.

But SIA is a listed company. If they bear half the loss of virgin, won't it be reflected in their books? Won't their shareholders know? And thus won't we know the full extent of Virgin's lost?


User currently offlineEtravelconsult From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 5 months 3 weeks 6 days 14 hours ago) and read 2655 times:

True, true...only time will tell what the loss at VS is when we hear from SQ in May 2002 about their own performance for the financial year ending 31st March 2002. Dr Cheong has indicated that they have to bear the pains from its investment in VS so things might are not looking too good for either SQ and VS.


User currently offlinePadcrasher From , joined Dec 1969, posts, RR:
Reply 5, posted (12 years 5 months 3 weeks 6 days 14 hours ago) and read 2650 times:

Why not join an alliance? Star, Wings, Skyteam, Oneworld?

This is the future of World aviation. Why the delay?

The longer they wait the more they will be left behind.

They're already gaining a reputation in the U.S for putting out rock bottom rates to lure traffic. What a sorry situation for an airline with good service.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
What Is The "DO NOT Touch?" Jetway Wheel? posted Thu Jan 12 2006 22:05:45 by KELPkid
What Is The "Belfast Room" At LHR T1? posted Sat Apr 2 2005 21:39:32 by SmithAir747
What Is The "Penalty Box"? posted Wed Mar 9 2005 00:59:17 by Firstclasser
What Is The "polderbaan" (AMS)? posted Fri Feb 25 2005 07:55:46 by Mason
What Is The "Trick" To Upgrades? posted Sat Mar 13 2004 19:08:39 by Ozzie
What Is The Max Safe Speed Limit For Taxiing? posted Wed Jan 1 2003 06:28:43 by Beefmoney
What Is The Aviation "chat Room" Frequency? posted Fri Jul 21 2006 16:07:12 by JAGflyer
What Is The Story Behind The "Gimli Glider" posted Sun Nov 28 2004 09:14:47 by Maddy
What Is The Point Of "check-in?" posted Thu Aug 26 2004 21:31:34 by Mats
What Is The Correct Pronounciation Of "Changi"? posted Tue Sep 24 2002 01:19:06 by Bobcat
What Is The "polderbaan" (AMS)? posted Fri Feb 25 2005 07:55:46 by Mason
What Is The "Trick" To Upgrades? posted Sat Mar 13 2004 19:08:39 by Ozzie
What Is The Max Safe Speed Limit For Taxiing? posted Wed Jan 1 2003 06:28:43 by Beefmoney
What Is The X In Virgin Atlantic Flight 20X? posted Fri Jun 4 2010 19:36:32 by Vulindlela
What Is The Future Of "Yananyi Dreaming" posted Fri Oct 16 2009 12:46:03 by SXDFC
Is The Future Bleak For Virgin Atlantic? posted Fri Apr 18 2008 13:50:35 by Christopherwoo
What Is The Cessna "179 Hawkwagon"? posted Sun Aug 19 2007 19:22:15 by Calfo