The positives seem to be the following:- financing of 777...

The positives seem to be the following:

- financing of 777 finalised
- no recapitalisation required
- fuel prices down
- flexibility in capacity management
- strong cash position (not bleeding cash)

Negatives:

- very little transparency in hedging positions
- around $200m hit due to IFRS
- $200 going opposite way for unrealised forex gain (what happens if USD starts to tank?)
- no guidance for half year