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The @VirginAtlantic story is far from over. Read what actually happened yesterday 
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https://www.godsavethepoints.com/no-virgin-atlantic-hasnt-gone-out-of-business-and-your-miles-are-fine/?_gl=1*vcz26d*_ga*NzI2MDUwMDEyLjE1OTA5MTA4NTc.
. https://www.godsavethepoints.com/no-virgin-atlantic-hasnt-gone-out-of-business-and-your-miles-are-fine/?_gl=1*vcz26d*_ga*NzI2MDUwMDEyLjE1OTA5MTA4NTc.
It's worth noting how the incorrect reporting of this could actually be as bad for #virginatlantic as covid-19 itself.
Virgin protected itself from bankruptcy yesterday, so that it can actually receive the £1.2 billion its secured, to keep the airline afloat beyond Sept (1/3).
Virgin protected itself from bankruptcy yesterday, so that it can actually receive the £1.2 billion its secured, to keep the airline afloat beyond Sept (1/3).
Without the NY move, UK proceedings to unlock the funds would've been impossible. But... because of the cheap shot headlines, people will now be afraid about...
1) booking new tickets.
2) state of current flights.
3) their miles.
None of which are more at risk today than (2/3).
1) booking new tickets.
2) state of current flights.
3) their miles.
None of which are more at risk today than (2/3).
So, what was ultimately a vital move to give Virgin Atlantic a chance for survival, has lead to unnecessary fear mongering in news, which may lead to a further slowdown in revenue, which could make worst cases more plausible.
But hey, anything for a quick buck, soundbite, eh?
But hey, anything for a quick buck, soundbite, eh?
