commsec comment fri 13th

CommSec Weekly report. Fri 13th

"Higher fuel costs have forced budget airline Virgin Blue (VBA) to cut some domestic routes and raise some fares by around 5pct. Virgin has also announced there will be a freeze on all pay rises for management, but has allayed concerns about redundancies saying there will be no job losses. Virgin expects its financial year fuel bill to rise above $500 million, up 21pct on last year. Its share price rose 1pct or 0.5c today to 56c."

I'm new to trading and bought VBA at 0.91c. So every little announcement makes me think I've done my dough. Tho each month that passes I take less notice of all the price jumps. I hope it's ok in the long run. It's good to see some cost cutting in areas that won't result in peeving their quality staff off too much. When they stop providing free bickies in the staff lounge I'll start to worry. I'd like to top up to balance out my cost price but am too scared.