Yep. Disappointing questions as well. No reason for new buyers to rush in on the back of that, but no reason to sell either. I am surprised that he still thinks VBA will break even (stand-alone) given lower fuel and pretty good operating stats. Was pleased to see the increase in Government and Corporate. I guess he was being cautious, but really needed to call it as it is - maybe the economy will be better than he is guessing? Many make predictions on the economy but few are right! I am still satisfied with how the company is going but don't know what will increase demand for shares and therefore the share price in the short term.
They have strong cash backing which is pleasing, Pacific Blue looks like a problem child and more capacity cuts to come!
VBA Price at posting:
27.0¢ Sentiment: None Disclosure: Held
