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JCoure

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04/10/17

08:18

Post #: 27639864
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Originally posted by hitang ↑

This is what the chairman said last month 22 Sept 17,

"Virgin Australia chairman Elizabeth Bryan says the airline group’s three-year transformation program is yielding positive results and tracking ahead of schedule.

On a more positive note, it said 2016/17 was the first positive free cash flow result since 2011/12, while its reported cash balance at June 30 2017 was the highest in its history.
“As we move through the Better Business program, these costs will subside and the company will benefit from the ongoing, sustainable savings that the program is on track to deliver,” Bryan said.
Bryan said the focus for 2017/18 would be remain on “improving our cost base, building strength in the balance sheet and growing revenue”.
“Improving cash, debt and leverage outcomes will remain a key focus and further balance sheet improvements are expected to be delivered,” Bryan said.
“In addition, the business will work to keep growing revenue. This will be done by leveraging the benefits of our strong fleet, network and product to seize growth opportunities and consolidate our market position.”

Technically, all these factor above should lead to profitability sooner or later.

BE POSITIVE......

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Caltex has done much better since Bryan left CTX for VAH and VAH has done the opposite.

Perhaps that short history will continue.

What is Bryan paid or does Bryan pay VAH again? A shorter's dreamboat.

VAH Price at posting: 18.0¢ Sentiment: Sell Disclosure: Not Held
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News: Technical fault grounds flights at Sydney airport, page-14

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