And what a dividend it was - I think the rebound will be sudden...

And what a dividend it was - I think the rebound will be sudden when it happens and likely those wanting volume low will find it hard to get there fill anywhere near lows - it reminds me of a balloon or ball being held under water - yes the PE may be lower for airlines historically but when they produce like Air New Zealand has and looks likely to keep doing then I would think that puts them in a different space within the pack - I think the updates and price of oil will be what does the trick - I aslo think the price of oil will spike down before the the years end - it makes no sense where it is other then being driven purely by speculation - even today another huge discovery was made in Alaska of between 1.2 & 2.4 Billion barrels of oil - the world is awash in the stuff and the Chinese won't keep buying and hording especially with the price heading over $50 AIMHOO