Virgin America 1Q loss $76 million

[ackattacker]

http://online.wsj.com/article/SB10001424052702304299704577505042862972950.html

Can't say I'm terribly surprised. Cue the same old people saying the same old things.

 

[waveflyer]

I'll start.
I'm sure plenty of those RJ capts delta just sold out would love to work at Virgin with their wages-

 

[jonjuan]

Do you mean they took away their RJ jobs by reducing the total number? You are correct.

 

[Andy]

I'll start.
I'm sure plenty of those RJ capts delta just sold out would love to work at Virgin with their wages-

I wouldn't lose any sleep over RJ pilots losing their jobs. Age 65 will more than offset any surpluses.

 

[fam62c]

I'm convinced that the VA investors have unlimited deep pockets and have no limits on the losses they are willing to sustain. VA will continue until it shows a pattern of profitability and can be re-capitalized with public equity, regardless of how many years this takes. These folks are in for the duration apparently.

 

[labbats]

Maybe so but I'm curious as to how a public offering of a company that has been consistently unprofitable goes.

Best of luck to all at VA. Some great people there.

 

[redflyer65]

I just heard on Bloomberg that Branson just wrote another check for around 76 million for VA. Coincidence? Find out at 11.

 

[Full of LUV]

I'm convinced that the VA investors have unlimited deep pockets and have no limits on the losses they are willing to sustain. VA will continue until it shows a pattern of profitability and can be re-capitalized with public equity, regardless of how many years this takes. These folks are in for the duration apparently.

Hubris is a powerful motivator! Branson will not let a Virgin company fail until it's well out of his control.

 

[nordo_2]

I'm convinced that the VA investors have unlimited deep pockets and have no limits on the losses they are willing to sustain. VA will continue until it shows a pattern of profitability and can be re-capitalized with public equity, regardless of how many years this takes. These folks are in for the duration apparently.

NetJet pilots use to say that.

 

[Dan Roman]

I'll start.
I'm sure plenty of those RJ capts delta just sold out would love to work at Virgin with their wages-

Wave, I hope you don't go around saying anyone who goes to work for an upstart LCC at lower than industry standard wages is a sellout around your senior pilots......