• Strong operating cash flows +30.2% on FY11, with closing cash balance of $802.6m • Improved free cash position, +28.1% increase in unrestricted cash to $480.1m
Cash is king folks. Virgin knows how to retain it. The company made a very nice full year profit in tough economic times, a complete turn around from the previous year.
We've gone from a $66 million loss to an $82 millon profit. Crikey.
On a customer service front, they will always outshine Qantas and Jetstar. They go above and beyond to do so, the customer is their focus.
Their international links are superb and the staff are a delight.
Clearly the pick of the airlines and a great stock to have in your portfolio under a dollar in my book.
As always DYOR. All the best punters.
Cheers
VAH Price at posting:
49.7¢ Sentiment: Hold Disclosure: Held
