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Let me make it more simple.
Investors and Branson have raised £1.2 Billion.
They must believe in the company is sustainable longer term.
If that’s the case you don’t p!ss off your customers. Ryanair get away with it because it’s part and parcel of their business model.
It’s not something Virgin can afford to do.
If you take away the corona elements both TUI and Virgin (the flying bit) were looking decidedly dodgy as businesses.
Trouble with cash flow so it's hardly surprising that they've been slow to do refunds.
The whole airline industry is in disarray. Boeing lost over $2B last quarter and yesterday was the last day on the job for 10,000 here in the Seattle area. Aircraft production last quarter was the lowest since the mid 70s.
Praise the lord indeed. Do you seriously believe you possess some Wanchai monopoly on how business works?
Cashflow works 2 ways. I don’t recall saying it was a walk in the park but they should either pay refunds and deposits back to customers within a reasonable time time frame. That not been 6 months.
They won’t have paid suppliers, the government have paid the wages, yet they were still being paid deposits and balances on holidays. As soon as this money hit their accounts, it should have been paid back to the people losing their holidays.
They’ve also pumped a £1.2b injection of cash.
You keep harping on about blame. The rules are there. A cash refund should be reimbursed within 14 days, if a customer wants a refund.
What have you exactly being saying? Wasn’t it Brin should lose out just as much as Virgin did?
We know the airline and aerospace sector are going to suffer terribly. So a are lot of people, losing their jobs. They need this money back for something they paid for for and never got.
If tui and Virgin are not viable they should go the same way as Monarch, Thomas Cook.
As for Boeing, it’s not the full story. The 737 issues contributed to that shyteshow.
As Boris introduced measures to avoid the NHS being swamped, Virgin and TUI are doing the same to spread the hit.
There's a strong chance both will go under.
There is no normal. There will be no new normal. It seemed unthinkable that 150,000 handloom weavers would almost overnight become chocolate teapots but they did. Pubs are gone, theatres are gone, restaurants are gone, cinemas are gone - they just don't quite know it yet. I say, tough sh*t but that's life.