looking good now, page-18

VBA has been pretty solid for a while. I don't think its oil price as I understand VBA has a collar at around $60 pb. I think its just market sentiment. In comparison with Qantas, VBA has been sold down substantially. Perhaps the market is starting to realise that VBA might be in a better position going into a recession than Qantas.

The Operational Statistics up until end of November are very encouraging. I know from anecdotal evidence that govt and corporates are now flying whichever airline is cheapest. That can only mean VBA is gaining market share on that front.

I had to fly interstate recently for work and was the first time I flew VBA because it was cheaper. Flight was pretty full as well :-)