XDriverX

That article seems to have some facts backwards, Im not sure about the writer since he brings up finances from 6-7 years ago. I believe the total loses from startup to now are 700 million, not 400 as he claims. Also, I know for fact that VX has not lost 9 million so far this year, actually VX is positive profit after the second quarter ending in June by almost +10 million.... and 3rd quarter numbers are profit in the 20ish mark (will be released in Nov press release). Last year VX was full year profitable by almost 20 million. I understand that VX has lagged for some time, but they have made money 5 of the last 7 quarters.
And the "huge debt load" from the new aircraft coming is actually cheaper than the current fleet they have since the IPO laws allow financing at almost half the current loan rate they get. Those are just facts, not opinions.
I don't believe we will see a huge IPO price tag, and only 25% of the company is going up for sale, so that's another positive for VX. There are ALOT of nay sayers about VX but in the end I believe you will see JB and VX getting together... maybe not in 3 years but 5-6 years. They will survive, and when Delta is done with Alaska it will create a lot of new room for any airline..... Remember when SWA was the dog, would never make it, and was shunned by negative profits??? Just sayin'......

NextFlightHome

Any news? Is this IPO happening? Any mention of classes?

FlytoSurf

Yes, classes starting in April is the rumor. No news of anything. Probably why this forum is about blank. Hopefully the meeting soon, we hear some things.

MusicPilot

Close. 36 new hires to start in Jan (prob 2nd week). Running 2 classes of 6 a month. That's the latest and of course it could change tomorrow. That's the VX way.

bedrock

It seems Allegiant and Spirit stock are bouncing back. Spirit could be a good buy, right now, but wait for earnings call 10/28

NextFlightHome

That's wonderful news! That'll more than empty out the pool I believe.

FlytoSurf

Woah this is great news that I haven't heard. Music Pilot seems to know a lot all the time though. But agreed, things change. Being the most junior guy, I hope it gets moving!

ShyGuy

Curious, is there a reason for these? IIRC classes cancelled in September due to a lack of expected attrition and change in block hours. 36 newhires Jan-March is for the new planes? Block hours? In any case it is still good news.

silver fleet

Question for those in the know: I received the Pilot Questionnaire in April and submitted it. I havent heard back one way or another; is it true that with the IPO they re trying to make the "bank account" look decent before commencement of hiring? I am hoping I am still in the running and have just been put on hold for the IPO to close.
Thanks in advance, I hope to be at VX by the time the snow melts.....

Pogey Bait

Send an email and axe em....