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Non-Tech : Virgin Express (VIRGY) Richard Branson's European Airline -- Ignore unavailable to you. Want to Upgrade?

To: Nancy Haft who wrote (8)	12/29/1998 11:12:00 AM
From: AC Flyer	Respond to of 62

1999 earnings estimates are low...... ...in my opinion. VIRGY's operating statistics are good and improving. Load factor and revenue per ASK are increasing. When VIRGY brings their hiring and training costs under control, operating earnings will improve significantly. Lower fuel costs will also be a factor in '99. I will stick my neck out and predict that 4Q'98 will be a break-even quarter or better and FY'99 will produce EPADS of $1.10 or better. Load factor for scheduled service: ----------1Q-------2Q-------3Q-------4Q 1996-----------------------------------52.1% 1997----57.9%---72.3%---76.9%---67.7% 1998----67.8%---78.1%---79.1%---* * Oct.'98 75.5%; Nov.'98 69.9% Revenue per ASK ($) for scheduled service: ----------1Q------2Q------3Q------4Q 1996--------------------------------0.061 1997----0.052---0.058---0.066---0.056 1998----0.058---0.062---0.073--- Oct.'98 .063; Nov.'98 .061