VA pilots worried about employment 2021
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VA pilots worried about employment 2021
Spoke to number of VA pilots recently & all seemed worried about their employment in about 18 months, ie. that VA might close down, while spoke to a wholesaler about going to USA & asked why they didn’t sell VA & they said VA are almost impossible to deal with.
The wholesaler sells 1000s of seats to USA a year & yet VA don’t even bother to talk to them.
Wholesaler gave up on VA.
The wholesaler sells 1000s of seats to USA a year & yet VA don’t even bother to talk to them.
Wholesaler gave up on VA.
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I have no affiliation with VA so I don't know them intimately but as a long-term external observer I would think that VA need more time.
My 'spies' tell me that they are still working out what the hell is happening after the change of CEO. They are trying to unwind a heap of commitments (both internal and external) that were just ridiculous, before they try and focus on actually making SOLID profit.
Surely now is the best time to try and fix things up - Qantas is weak. Far weaker than most realise.
My 'spies' tell me that they are still working out what the hell is happening after the change of CEO. They are trying to unwind a heap of commitments (both internal and external) that were just ridiculous, before they try and focus on actually making SOLID profit.
Surely now is the best time to try and fix things up - Qantas is weak. Far weaker than most realise.
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Why did John spend so much cash for no obvious return? On so many parts of the business? Bizarre.
Its a CFO’s absolute nightmare.
PS will get there. Going to take time to unravel everything. They keep finding stuff along the way.
Its a CFO’s absolute nightmare.
PS will get there. Going to take time to unravel everything. They keep finding stuff along the way.
short flights long nights
I have no affiliation with VA so I don't know them intimately but as a long-term external observer I would think that VA need more time.
My 'spies' tell me that they are still working out what the hell is happening after the change of CEO. They are trying to unwind a heap of commitments (both internal and external) that were just ridiculous, before they try and focus on actually making SOLID profit.
Surely now is the best time to try and fix things up - Qantas is weak. Far weaker than most realise.
My 'spies' tell me that they are still working out what the hell is happening after the change of CEO. They are trying to unwind a heap of commitments (both internal and external) that were just ridiculous, before they try and focus on actually making SOLID profit.
Surely now is the best time to try and fix things up - Qantas is weak. Far weaker than most realise.
Alan gets 24 mill.. how could Qantas be weak under is leadership?
Buk buk buk buk.
The price/capacity war, outsourcing/giving control of your product to someone else and IR brutality chickens are all coming home to roost. The CEOs and boards of all Australian airlines have lied to investors about the “amazing” profitability for so long that they are now in deep doodoo if they don’t deliver. No one is steering the ship anymore and the service is quite honestly crap. All we need is a terrible disaster and the circle will be complete.
The price/capacity war, outsourcing/giving control of your product to someone else and IR brutality chickens are all coming home to roost. The CEOs and boards of all Australian airlines have lied to investors about the “amazing” profitability for so long that they are now in deep doodoo if they don’t deliver. No one is steering the ship anymore and the service is quite honestly crap. All we need is a terrible disaster and the circle will be complete.
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Australian Airlines have been bumbling along for many years, from one cock up to another! Investors continue to flock in as the Airlines water down the perch!
It's entertaining for sure!-)
It's entertaining for sure!-)
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The truth
Investing in Virgin is as good as flushing your money down the crapper. From the first day they listed on the stock exchange the price started heading South. The only ones to make many many tens of millions out of the float were Branson, Godfrey and Sherrard. A couple of other mates such as Highfield and Gill and a few others who went to school with Godfrey also made a few million each. All of this took place mostly behind the scenes while naieve staff blindly followed Richard the piedpiper. Share price has never recovered from Godfrey incompetence, never recovered from Borghetti incompetence and today you still have an unworkable long term business model. I’m not hearing any favourable information coming from the Village idiots regarding the performance of Scurrah who inherited a steaming pile of ****. A poison chalice of epic proportions. The business is, has been and always will be a lemon. One serious accident, a massive oil spike due to a war, or a disease outbreak (which I mendtioned on a different thread well before Caronavirus came about) and it’s ‘game over’ for Virgin Australia, not ‘game changer’. Let’s see how Caronavirus tests their ability to cope with a hit to their war chest. Good luck. If what happened to Qantas during the SARS outbreak happens to Virgin with the Caronavirus outbreak, it’s all over. The company has no flesh on its bones and nothing behind it help it survive a major hit to the aviation industry.
I think the most worry is coming from Tiger pilots at the moment.
Downsizing.....
Losing routes......
Chief pilot leaving......
Still being told more 737s will be coming in 2021 when we all know that there is no chance of VA getting their 737-10s by then, so no chance of Tiger getting those hand me downs.
Downsizing.....
Losing routes......
Chief pilot leaving......
Still being told more 737s will be coming in 2021 when we all know that there is no chance of VA getting their 737-10s by then, so no chance of Tiger getting those hand me downs.
Spoke to number of VA pilots recently & all seemed worried about their employment in about 18 months, ie. that VA might close down, while spoke to a wholesaler about going to USA & asked why they didn’t sell VA & they said VA are almost impossible to deal with.
The wholesaler sells 1000s of seats to USA a year & yet VA don’t even bother to talk to them.
Wholesaler gave up on VA.
The wholesaler sells 1000s of seats to USA a year & yet VA don’t even bother to talk to them.
Wholesaler gave up on VA.
Misconceptions about how FIMs work (based on utter BS and assumption) and a horrid system that is so bad it makes the staff look incompetent, meant NZ passengers sometimes got sent back and forward between VA and NZ several times. In the end, in most circumstances I think it would be fair to say, NZ just gave up and sent the passengers to QF who processed them immediately and then worked out the paperwork later - like 'real' airlines do.
And why the hell was he awarded an AM for 'services to aviation' FFS...
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Virgin Australia isn't going anywhere. They're cashflow positive. They can service their debts. Cashflow is more important than profit. They're both important - but cashflow rules. They have free cash. So they're not going anywhere. They're holding back capital spend and 'clearing the decks'. They're making a number of strategic decisions that will reshape the carrier - and the carrier will be a different one within the next 12 months - but it will still be here none-the-less. It will be fine. The market can support both.
But... there may be less demand for pilots with any fleet adjustments they make.
EBIT is stil trending in the right direction...
But... there may be less demand for pilots with any fleet adjustments they make.
EBIT is stil trending in the right direction...
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