So my understanding of virgin is, they had a rough patch - but are now consolidating and starting to turn a profit again. They need to remove the dept, which they are on the way to doing. Do we have any reason this should get back to previous levels before the drop to 20c? It's not like VAH has a bad business model or management to see it getting a better price. I guess many investors are scared of airlines now.
So my understanding of virgin is, they had a rough patch - but...
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