VS Profits dive
Posted: 14 Aug 2007, 10:15Call me a cynic, but my first thoughts on reading that report were that the Virgin Group must employ some very clever accountants. [:I]
Nick
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Posted: 14 Aug 2007, 10:28Posted: 14 Aug 2007, 10:39... GUESSING that announcement will have a bearing on the pay deal discussions. [:?]
Posted: 14 Aug 2007, 10:55They must be looking very hard and long at Virgin Nigeria's future!
Posted: 14 Aug 2007, 14:05They always say stuff like this when pay talks are going on. Also I was talking to a VK manager and he told me that VK are making money and that VS are getting a good profit from them. Its all being put elsewhere.
Posted: 14 Aug 2007, 15:41Originally posted by virgin is the best
They always say stuff like this when pay talks are going on. Also I was talking to a VK manager and he told me that VK are making money and that VS are getting a good profit from them. Its all being put elsewhere.
It may be making an operating profit, albeit that start-up costs amortized over a number of years will then take it below the water line.
On the general profit level - we simply do not know what the full picture might look like, for example how much did VS pay to other Branson companies for licensing the brand, management fees etc. and how much might those other (offshore companies) have made ...
Posted: 14 Aug 2007, 16:40Originally posted by Nottingham Nick
Call me a cynic, but my first thoughts on reading that report were that the Virgin Group must employ some very clever accountants. [:I]
Nick
Absolutely - 10% uplift in customers and that 'dive' in profits? The Virgin group (and I should say myriad group) are setup to look after one individual and no more - he has no shareholders to worry about so can do that kind of money shift. I can only imagine what 'appearance' fees he is paid, and then licence fees to use the Virgin name and logo.
Thanks,
Richard
Posted: 14 Aug 2007, 19:59
I can only imagine what 'appearance' fees he is paid, and then licence fees to use the Virgin name and logo.
Thanks,
Richard
30K for a Virgin Mobile appearnce if my memory serves me correctly.
There was an article not so long ago in the papers about this.
Posted: 16 Aug 2007, 02:39If the legacy US carriers are making money right now, then Virgin shouldn't be far behind. I think Richard hits the nail on the head.
Posted: 16 Aug 2007, 20:45Not too worry, they'll be charging a credit card booking supplement per passenger before you know it to help reap in a few extra million.... 
Posted: 16 Aug 2007, 21:04Originally posted by RichardMannion
Not too worry, they'll be charging a credit card booking supplement per passenger before you know it to help reap in a few extra million....
[V][V]
BA have been doing it for ages, so this does not surprise me
buns