extremely high volume, page-46

"Airlines are cyclic in terms of plane purchases, QAN makes lots of money since it's used its old planes to the max and not bought new ones, VBA has done all the start up costs and suffered a bit, so it should enter the profit cycle while QAN will enter the loss cycle in the medium term as it starts to replace its massive fleet."

One of the best posts you have made Sabre. QAN is actually happy that its orders have been delayed for the above reason. VBA will inrease capacity but QAN retraction has meant little gaps.

In again today just after open will be good to close just under 60c today so as to not get too far ahead too quickly. If it breaks 60c i will sell and re-enter next week.

All the best.

Bacchus