#1
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Virgin Blue Posts $100m Loss
http://www.news.com.au/heraldsun/sto...005961,00.html
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#2
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Given most of that loss is to do with FOREX and the hedges, I don't think it is all that bad.
Even if the losses continued at this rate (which they shouldnt given the cost of fuel and forex) then they would still have at least 2 years of flying. Also if you take away the liabilities from the assetts they would have a positive result of $604M. |
#3
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It's one of those results which sounds bad but is really quite acceptable. Given the V Australia associated costs and the AU Dollar/Hedging losses, should only be a once-off loss. I think you'll find the results for the next half to be alot better.
On a side note, good time to buy into DJ shares right now! They should see modest gains over the next 12-24 months. |
#4
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I hope we dont fly until the 'money runs out' I would hope strategies would be put in place to stem the losses. |
#5
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Stripping out the two one-off items, and you would notice the underlying net profit is not too bad.
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Upcoming flights None |
#6
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#7
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So, tell us......... what percentage of passengers are utilising the above fare grades? I don't think any of us seriously think DJ is going to run out of funds, return/sell aircraft and depart Australia with their tail between their legs. Let's not focus too much on the word "loss" as loss isn't always loss (if that makes sense!?).
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Whatever happened to Ti Dak? |
#8
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In the figure I was just using the $8 online charge because realistically you also dont know how many pax are also checking in a bag without pre-paying and therefore paying $20. |
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