Go Back   theDIBB > Walt Disney World and Other Florida Vacation Planning > Trip Planning Florida
Forgotten Password?
Notices
Trip Planning Florida Florida Holiday Planning Questions, Suggestions and Tips.
Reply
Thread Tools Search this Thread Display Modes
Unread 19 May 19, 09:14 PM  
Link to this Post
#129
floridavisitor
Imagineer
 
Join Date: Jul 15
Mobile

Originally Posted by Oliver123 View Post
Well Ive just booked a flight with them for 2020. Am i worried? Not really most transatlantic airlines are posting a loss (TC, TUI, Virgin) yes TC is large but that is due to a write down of a previous company they bought. Plus there is heavy competition in purchasing there airline. Look at Flybe Virgin bought them and they are still flying
Actually Virgin aren't currently loss making (they have been in the past) and they almost certainly will be this year (as they look to offset as much of the Flybe acquisition costs as they can)
floridavisitor is offline Boy Mouse Click to view Members Gallery Click to view Members Trip Plans
I won't ever wear a big fanny
Reply With Quote
Unread 19 May 19, 09:57 PM  
Link to this Post
#130
Oliver123
Imagineer
 
Oliver123's Avatar
 
Join Date: May 15

Oliver123's Reviews
Hotel Reviews: 1
Originally Posted by floridavisitor View Post
Actually Virgin aren't currently loss making (they have been in the past) and they almost certainly will be this year (as they look to offset as much of the Flybe acquisition costs as they can)

They made a loss of 26.1million. They dont forecast hitting a profit until 2021
uk.reuters/article/uk-vi...-idUKKCN1RM1I3

Edited at 10:03 PM.
Oliver123 is offline Boy Mouse Click to view Members Gallery Click to view Members Trip Plans
Yatch club 2019
Reply With Quote
Unread 19 May 19, 10:10 PM  
Link to this Post
#131
floridavisitor
Imagineer
 
Join Date: Jul 15
Mobile

Originally Posted by Oliver123 View Post
They made a loss of 26.1million. They dont forecast hitting a profit until 2021
uk.reuters/article/uk-vi...-idUKKCN1RM1I3
Depends which report you read - same as TC - there loss was an accounting one which many commentators ignored.
floridavisitor is offline Boy Mouse Click to view Members Gallery Click to view Members Trip Plans
I won't ever wear a big fanny
Reply With Quote
Unread 19 May 19, 10:21 PM  
Link to this Post
#132
Spike1911
Excited about Disney
 
Join Date: Aug 15
Mobile

Sigh. The issue isnt about making a loss as you can post a loss for various reasons but its whether the company can absorb the loss and whether the company has more assets than its liabilities and what trading looks like as you can do better than previous years but still post losses. In Thomas Cooks scenario they made a loss of almost 1.5 billion which must be almost unheard of plus they have debts worth 4 times assets. Its worrying times but have been rated a going concern as long as they can offload the airline.
Spike1911 is offline Boy Mouse Click to view Members Gallery Click to view Members Trip Plans
Towels @ Disney World
Reply With Quote
Unread 19 May 19, 10:40 PM  
Link to this Post
#133
floridavisitor
Imagineer
 
Join Date: Jul 15
Mobile

Originally Posted by Spike1911 View Post
Sigh. The issue isnt about making a loss as you can post a loss for various reasons but its whether the company can absorb the loss and whether the company has more assets than its liabilities and what trading looks like as you can do better than previous years but still post losses. In Thomas Cooks scenario they made a loss of almost 1.5 billion which must be almost unheard of plus they have debts worth 4 times assets. Its worrying times but have been rated a going concern as long as they can offload the airline.
Sort of...

The airline if it was separated is a profitable business.

If they sold this off (and could find someone who would buy it for what it is worth) the money they would receive would be swallowed into the debt hole and make them basically solvent again.

So yes they are a going concern if they offload the airline, but only because the airline is the most valuable part of their business.

Essentially they are selling the family jewels in order to keep the shed at the bottom of the garden
floridavisitor is offline Boy Mouse Click to view Members Gallery Click to view Members Trip Plans
I won't ever wear a big fanny
Reply With Quote
Unread 20 May 19, 02:45 AM  
Link to this Post
#134
Claudette
Imagineer
 
Claudette's Avatar
 
Join Date: Apr 18
Location: Hertfordshire

Claudette's Reviews
Hotel Reviews: 4
Restaurant Reviews: 3
Originally Posted by Sew109 View Post

Wrong the only savings accounts that will do a credit check are ones that may in the future turn to a current account with overdraft savings is not credit the best are listed here with up to 5% for regular savers !

moneysavingexpert/sa...ings-accounts/
The quotes have gone funny. For the avoidance of doubt, it was me that mentioned that a poor credit score will not prevent anyone getting a savings account. Even a nice one.
Claudette is offline Girl Mouse Click to view Members Gallery Click to view Members Trip Plans
Disney 2019 v 2
Reply With Quote
Unread 20 May 19, 04:03 AM  
Link to this Post
#135
Claudette
Imagineer
 
Claudette's Avatar
 
Join Date: Apr 18
Location: Hertfordshire

Claudette's Reviews
Hotel Reviews: 4
Restaurant Reviews: 3
Originally Posted by metalguru View Post
I said a nice savings account, one with higher interest. Which is normally based on your credit score. So not open to all. Maybe I wasn't clear.
Your clarity over the savings account interest rate is not relevant. It is still a savings account, there is no credit risk to the lending institution no matter what the interest rate is. So as I say, I was puzzled why you think some people cannot get a savings account. Banks like to hold savings as it increases their capacity to lend and make money.
Claudette is offline Girl Mouse Click to view Members Gallery Click to view Members Trip Plans
Disney 2019 v 2
Reply With Quote
Unread 20 May 19, 06:14 AM  
Link to this Post
#136
ERICSMUM
Imagineer
 
ERICSMUM's Avatar
 
Join Date: Jul 05
Some banks require you to open a current account alongside a savings account, in which case they might check you out more thoroughly.
ERICSMUM is online now Girl Mouse Click to view Members Gallery Click to view Members Trip Plans Reply With Quote
Reply
Kenwood Travel

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Forum Jump

Attraction Tickets Direct

All times are GMT +1. The time now is 09:34 PM.


Powered by vBulletin - Copyright © 2000 - 2019, Jelsoft Enterprises Ltd.
Attraction Tickets Direct

theDIBB Menu


US Dollar Rates
ASDA  $1.2421
CaxtonFX  $1.2401
Covent Garden FX  $1.2548
FAIRFX  $1.2425
John Lewis  $1.2583
M&S  $1.2195
Sainsburys  $1.2434
TESCO  $1.2453
Travelex  $1.2356
Updated: 21:32 26/06/2019

theDIBB Charities
Cancer Research UK
DIBB Members have Donated: £10,130
£


Macmillan Cancer Support
DIBB Members have Donated: £1,085
£

Euro Rates
ASDA  €1.0930
CaxtonFX  €1.0907
Covent Garden FX  €1.1006
FAIRFX  €1.0915
John Lewis  €1.1038
M&S  €1.0713
Sainsburys  €1.0944
TESCO  €1.0963
Travelex  €1.0874
Updated: 21:32 26/06/2019

Orlando Weather
Florida Time
Wed 26th Jun 4:34pm
Now: 35C/95F
Scattered Clouds
Scattered Clouds
Cloud Cover: 40%
Wind: 9mph - ENE Arrow points to where the wind is coming from.
Pressure: 1018mb
Humidity: 49%
Illuminations Smoke
Updated: 20:20 26/06/2019