falling quickly: minus 7.7pc again, page-3

I think VBA must be getting close to a spec buy soon Coal King. Will have a serious look at her if I can high 40s. Still high risk though.

1. A programme of $50 million of identified savings in the
2008-09 financial year via a cost reduction initiative.
2. Effective immediately a market by market fares review raising
ticket prices by an average of $5 across approximately 55% of Australian
domestic routes.
3. A 6% reduction in planned 2008/9 capacity growth within the
September quarter via removal of four aircraft from the Australian
domestic market.
4. A further 2% of domestic capacity will be redeployed from
loss-making services into identified better performing, new or
uncontested markets.
5. Virgin Blue will cease its once weekly Sydney - Proserpine
service effective July 2008, however daily connecting services through
Brisbane will remain.
6. Virgin Blue will cease flying its three times weekly Darwin -
Melbourne direct service effective August 2008. This route will be now
be serviced via a daily service through Brisbane.
7. Immediate salary freeze for all management positions for the
ensuing fiscal year.