Virgin Express (VIRGY) Richard Branson's European Airline Message Board

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Non-Tech : Virgin Express (VIRGY) Richard Branson's European Airline

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To: Mike Fox who wrote (1)	6/24/1999 11:11:00 AM
From: AC Flyer	of 62

Downside price action this a.m. makes no sense.... ....VIRGY solid at 26 Euros in Brussels - equivalent to ~$9.00 per ADS. If you're holding VIRGY, have patience. This company makes all its earnings in the second and third quarters. VIRGY's operating numbers - load factor, revenue per ASK and operating cost per ASK - are all moving in the right direction. My pro forma models indicate that VIRGY earnings will be about 62 cents per ADS in the second quarter, 92 cents per ADS in the third quarter, and $1.24 per ADS for FY '99. Second quarter earnings will be released on or about 8/15. Strong earnings will demonstrate VIRGY's operating comeback after last year's poor second and third quarters. VIRGY will finish the year at $15 per ADS or above.

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