planes worth almost 2billion market cap 500m, page-9

"fuel saving aircraft"...lol

as of dec 31, vba had $770 million in cash, BUT....$460 million of it is BORROWED money.

so as at dec 31 they had $310 million of their own cash which is all going to be chewed up by the extra $300 million fuel bill this year.

ya need to understand that vba have positioned themselves in a way that they cant defend themselves aginst rising costs and yields will suffer enormously.

why do you think they have been so silent and lame to the issues facing them and all airlines.

because management have snookered themselves!

they were more excited about growth growth growth than they were about developing a profitable business that could weather the lean times....consolidation was required but never happened.

its the classic behaviour of entreupeners....in the end it is all destroyed.

i believe corrigan wanted consolidation but they said NO so corrigan saw the writing on the wall and sold to the fools at toll.

cheers