Virgin Blue paying cash for their fuel?

[ozimax]

Nice graphic muintalP, but wrong airline. I have just completed several long haul sectors with Swiss, and their seats would fit in your design perfectly!!

 

[oz_mark]

Still wondering how Johnk got onto the tarmac to graffiti the plane....

 

[straitman]

A friend of mine who works at Brisbane airport advised that Virgin Blue are having to pay cash by fuel. This is not good news if they are.

Can anyone confirm?

I had linked this rumour with other media stories of VirginBlue getting in late with fuel hedging last year. Therefore paying cash/EFT may be cheaper now then their hedged fuel contract.

Maybe not so bad after all :!:

 

[Nigelinoz]

Just noticed this line in a link provided on another thread.

Shares in Qantas closed up 6.5c at $1.85 on Friday, taking its gains to 30 per cent since reaching an all-time low earlier this month.

(Odds on Qantas to defer 787 deliveries )

Strange how I don't remember seeing any "Qantas shares slump to an all time low" stories in the media ,as distinct to the almost daily round of reports about Virgin's troubles.

 

[medhead]

Just noticed this line in a link provided on another thread.
(Odds on Qantas to defer 787 deliveries )

Strange how I don't remember seeing any "Qantas shares slump to an all time low" stories in the media ,as distinct to the almost daily round of reports about Virgin's troubles.

Do you read the business section. I seem to remember the qantas low being widely reported in biz news.

 

[Nigelinoz]

Do you read the business section. I seem to remember the qantas low being widely reported in biz news.

I stand corrected.

 

[pauly7]

Welcome to AFF, cnd.

Without reflecting on the fact that the rumour has no basis in fact, I should point out that paying in cash does not necessarily mean handing over bundles of notes.

I once worked for a company that was perpetually in trouble with its suppliers and terms of payment were cash. All we had to do was have a cheque ready when the goods were delivered. That is, we were not allowed any credit.

Yes or it could be as simple as the fuel company narrowing their terms...

Alot of companies are at the moment, we have had some suprisingly large companies change to 14 days (from 30) and my employer is at no risk of going bankrupt... its simply a mechanism to improve cash flow.

 

[medhead]

I stand corrected.

Maybe slightly corrected, not many people read the biz section, so yours is still a fair point about the main news media.

 

[munitalP]

Still wondering how Johnk got onto the tarmac to graffiti the plane....

Well they do say security is lax at BNE. Maybe he was retrieving a wayward golf ball and took the oportunity?


Mr!