luv2sleep
DIS Veteran
- Joined
- Aug 15, 2011
- Messages
- 4,914
phxdryheat said:Virgin America is quickly running out of money. They had $70 million cash on hand at the end of the third quarter 2012. They burned through $99 million in cash in the last four quarters. They have burned through approximately $600 million since they started up in 2007; rumor is that Richard Branson isn't going to put any more money into the airline.
Unless they get a BIG cash injection, they'll likely be out of business around April Fool's day 2013. Be careful.
Well that sucks. Guess I shouldn't buy a ticket with them then. Will wait until April and see what happens. Loved them but oh well. That flight was the reason I felt I could travel cross country with my kid. Humm. Will rethink the whole thing.