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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Wasn't it reported that Qantas had encouraged their staff to be out there opposing support to Virgin, or did I imagine that?
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    So, if I'm reading this correctly, they had (last financial year) $1.7bn in cash and $1.2bn in unearned revenue ... so cash net of unearned revenue is only $500m?
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I think the leaking of it + the subsequent (unofficial) Government responses that they won't get a bail out have been far more damaging. Its not clear to me what game the Government is playing in doing that, when they could have just refused privately ... maybe different factions in the...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I suspect his #1 concern right now is ensuring the survival of Virgin Atlantic (which I think Virgin Group still have majority ownership in, and which he has called 'one of his children').
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Perhaps ... but their shares are trading at a 50% discount to their December high. And I suspect this crisis will go on for many months longer. But yes, essentially you'd be buying a business that has a demonstrated ability to turn a profit in its current form (crisis notwithstanding). At the...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Why buy Virgin when at today's prices you could almost as easily buy Qantas?
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    Virgin (and QF) re-starting overseas flights

    I guess the Government finally had to 'walk the walk' after 'talking the talk' ... saying they wouldn't play favourites while consistently just going to Qantas to set up relief flights. Obviously sorely needed revenue for them both, but I assume just a drop in the bucket.
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Just my hunch, but the article by Phil Coorey in the AFR is probably telling. He is a long time political journo, so probably has reliable contacts in terms of the Government's thinking. Another, bit of a longer hunch, a certain CEO may be back-grounding about how another airline could just...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Velocity Australia or Velocity Air would work ... and they own the name. 🤷‍♂️
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    For those without paywall access, the crux of the article is: "It is not our plan to take a stake in an airline," Mr Cormann told the ABC. "But let me also say that on the other side of all of this, we are committed to ensuring that through our policy settings and the like that on the other...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    With Australia's tourism industry hurting so badly, surely the last thing that a government would want is a reduction in airline competition that will dampen demand in the medium term through higher fares. The other thing worth considering - Virgin is a QLD based business, and QLD is...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    The trading halt is real: https://www.asx.com.au/asxpdf/20200331/pdf/44gk2pqktnndll.pdf
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Ummmm ... are you referring to this article? https://australianaviation.com.au/2016/03/virgin-australia-shares-enter-trading-halt/ Because its from 30 March 2016
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    Tokyo Haneda slot - How will Virgin Operate it? [CNS-HND flights ceased Feb '25]

    Presumably given Qantas' announcement today, they will cease all Japan flights imminently ... so there should be no reason for Virgin not to delay the flight - given its not like Qantas would have flown it.
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    All International Arrivals into Australia to self isolate for 14 days

    So before I was a little off with the NSW fine for breaking self isolation ... its $11,000 and/or 6 months jail. The actual legal order is now online here, if anyone is interested: Public Health (COVID-19 Quarantine) Order 2020
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    This is a few days old, but presents a contrary view... https://www.afr.com/companies/transport/virgin-australia-to-withstand-virus-shock-fitch-20200312-p5499y
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Virgin Atlantic aren't the only ones asking ... BA as well.
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    My back of the envelope maths based on 2019 expenditure is that Virgin burns through $500m a month (although presumably that includes non-cash expenses). Qantas burns through $1.4bn a month. Even if they halve their expenses; assuming a complete halt in bookings (i.e. if domestic business falls...
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    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    It will last for as long as the Government thinks it needs to last ... the PM suggested potentially 6 months. In terms of Virgin, their website (No change fees on domestic and international bookings) says: "To provide you with flexibility for your travel plans we're waiving change fees* on...
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    All International Arrivals into Australia to self isolate for 14 days

    NSW Government has indicated it will activate powers under the NSW Public Health Act to enforce these requirements. Penalties for individuals are fines of up to $22,000 and/or up to 6 months imprisonment.
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