LREDI wrote:If this all pays off then the VS Leadership team have done a tremendous job and it's good to see DL supporting. Also, clear to see no equity stake a risk from Virgin.
I've said before that VS will survive, what the future VS looks like remains to be seen.
COVID19 isn't going anywhere until we have (if we have) a vaccine, and with the situation in the US not getting any better - I'd watch VS quickly switch destinations to focus on growth - additional caribbean is a no brainer right now.
I agree - they’ve done a superb job in what must be impossible circumstances. All you can ask is to do what is possible, and it feels like the stakeholders have done everything that is possible - if this deal is completed. It may yet not be enough to keep VS in business, but if it can emerge from this mess in a relatively healthy position it should be well placed to grow again in the coming years.
It’s obviously very bad for the VS employees who have lost their jobs - sadly that is unavoidable in many industries right now - but hopefully the wider economy can offer new opportunities to them in the immediate term and fees the demand that airlines rely open to create new opportunities moving forward.