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Virgin Express Second Quarter Profit  
User currently offlineSabena 690 From , joined Dec 1969, posts, RR:
Posted (13 years 8 months 3 weeks 6 days 13 hours ago) and read 1371 times:

European low cost airline Virgin Express saw its second quarter profits surge by
33 per cent compared to last year and is forecasting a continued improvement in
its fortunes.

Details: http://news.airwise.com/display/story.html?name=2002/09/1031054204.html

How do you guys see the future for VEX, now that the contract with SNBA will be ended, in March 2003?


6 replies: All unread, jump to last
User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 1, posted (13 years 8 months 3 weeks 6 days 12 hours ago) and read 1349 times:

Profit my foot. Nice bit of spin by the VEX PR people. Look at the operating figures for the first half -- a loss of 3.8m euros, far worse than last year. True, there's a profit in the second quarter but it's way down on 2001.

Never mind the net profit. If your operating figures aren't in the black then sooner or later you're gonna run out of money.

User currently offlineSabena 690 From , joined Dec 1969, posts, RR:
Reply 2, posted (13 years 8 months 3 weeks 5 days 17 hours ago) and read 1304 times:

Thanks for your reply, Backfire!

Any comments on how VEX will be, after the contract will be ended with SNBA in March 2003?

Some people say that the routes they fly on code share with SNBA, are the only profitable routes for VEX.

I don't have figures about this, and cannot confirm this. Maybe someone else can?


User currently offlineAirblue From San Marino, joined May 2001, 1828 posts, RR: 11
Reply 3, posted (13 years 8 months 3 weeks 5 days 17 hours ago) and read 1306 times:

I'm very surprise they post a profit!!

The only time I booked a flight with them, LIN-CPH via BRU I flew one segment with AZ and one with SNBA.

User currently offlineSabena 690 From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 8 months 3 weeks 5 days 17 hours ago) and read 1298 times:

On AZ? Is VEX putting pax from their LIN flight on AZ? Was the VEX flight overbooked maybe?

That you flew SNBA to CPH has to do with their code share agreement.


User currently offlineEstablished02 From Belgium, joined Jan 2002, 536 posts, RR: 1
Reply 5, posted (13 years 8 months 3 weeks 5 days 15 hours ago) and read 1278 times:

I read in http://www.lesoir.be/articles/a_02DCB2.asp that VEX's cost per available seat kilometer has been reduced -compared with Q2 of 2001- with 15% to 6,28 euro cent.

VEX is somehow positioning itself as a low cost / low fare airline alike FR and EZY.
What are the costs per ASK of those other low cost carriers?
What are about the costs per ASK of SNBA, KLM, LH and other full service companies?


User currently offlineMyself From Belgium, joined Feb 2001, 207 posts, RR: 1
Reply 6, posted (13 years 8 months 3 weeks 5 days 9 hours ago) and read 1245 times:

is fairly easy to calculate, just read the annual report with a calculator at hand.

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