gmac, its not "just" oil. It is the strategic squeeze between Qantas and Jetstar, the current near-recession in many respects, the effect of greenhouse, the competitive effect of the likes of Tiger, etc. So its not just oil. But none of those issues I mentioned are exactly new. They have been around for a while and thats why VBA was down to 50c several months ago. That still seems like an appropriate price.
