Virgin Australia falls to virus crisis, appoints administrator to find investor [MSNBC.com]
Boeing Company (The) (BA)
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Source: MSNBC.com
Virgin Australia Holdings Ltd around the world have been seeking government aid to survive after grounding the bulk of their fleets due to an unprecedented plunge in travel demand that is forecast to cost the industry $314 billion in revenue.Virgin reported an annual loss for seven consecutive years even before authorities worldwide began restricting movement to slow the spread of the virus, which has led to around 70 deaths in Australia. It nevertheless commanded a secure share of Australia's normally lucrative domestic aviation market before calling in administrators with debt of $5 billion Australian dollars ($3.15 billion).More than 10 parties have already expressed interest in recapitalizing Virgin, which is continuing to fly a skeleton schedule under its current management team, said Vaughan Strawbridge of Deloitte.Virgin appointed Strawbridge as voluntary administrator to lead a sales process after the government rejected a plea for a A$1.4 billion loan to keep the airline aflo
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website